US unemployment aid applications rise 7K to 343K - New York News

US unemployment aid applications rise 7K to 343K

Posted: Updated:

By PAUL WISEMAN
AP Economics Writer

WASHINGTON (AP) -- The number of Americans applying for unemployment benefits rose by 7,000 last week to a seasonally adjusted 343,000.
 
The increase follows a drop of 22,000 the previous week. But the broader trend is consistent with an improving job market.
 
The four-week average, which smooths out weekly fluctuations, fell 1,250 to 345,250, according to the Labor Department.
 
Weekly applications data can be volatile in July. Automakers typically shut their factories the first two weeks of the month to prepare for new models, leading to temporary layoffs. But this year much of the industry has skipped or shortened the shutdowns to meet stronger demand.
 
Applications are a proxy for layoffs. They're down nearly 8 percent this year. Employers have added an average 202,000 new jobs a month this year, up from an average 183,000 in 2012.
 
In June, employers added 195,000 jobs. The unemployment rate stayed at 7.6 percent last month but is down from 8.2 percent a year earlier.
 
Job growth has been solid despite lackluster economic growth. Economists expect the economy grew at an annual rate of less than 1 percent in the April-June quarter, even worse than an unimpressive 1.8 percent the first three months of the year. Federal spending cuts that took effect in March have hobbled economic growth.
 
Still, some parts of the economy have proven resilient.
 
The U.S. housing recovery is strengthening, for example. Sales of newly built homes rose 8.3 percent last month to a seasonally adjusted annual rate of 497,000, the Commerce Department said Wednesday. That's the highest since May 2008 and up from an annual rate of 459,000 in May.
 
Sales are still below the 700,000 pace consistent with healthy markets. But they are up 38 percent in the past 12 months. That's the biggest annual gain since January 1992.
 
New-home sales make up only a small part of the market. But they have an outsize economic impact. Each home built creates an average of three new jobs and generates about $90,000 in tax revenue, according to data from the National Association of Home Builders

   AP-WF-07-25-13 1243GMT

  • Your MoneyMore>>

  • Do mosquito-repellent apps really work?

    Do mosquito-repellent apps really work?

    Wednesday, July 23 2014 11:01 PM EDT2014-07-24 03:01:26 GMT
    What would you do if there was an app that repelled mosquitoes? Well, there are 2 free apps that claim they repel mosquitoes. The Android app from Prothoughts releases high-frequency sound that mosquitoes reportedly don't like. And you can select several frequencies up to 22 kilohertz.The iPhone app from Pico Brothers also claims to drive away mosquitoes. But this one says it cannot guarantee 100 percent success. We went to an expert to see if these types of apps really work.
    What would you do if there was an app that repelled mosquitoes? Well, there are 2 free apps that claim they repel mosquitoes. The Android app from Prothoughts releases high-frequency sound that mosquitoes reportedly don't like. And you can select several frequencies up to 22 kilohertz.The iPhone app from Pico Brothers also claims to drive away mosquitoes. But this one says it cannot guarantee 100 percent success. We went to an expert to see if these types of apps really work.
  • Latest wedding trends and tips

    Latest wedding trends and tips

    Wednesday, July 23 2014 10:35 PM EDT2014-07-24 02:35:07 GMT
    Summer is wedding season. Christal Young reports on some recent wedding trends. Kellee Khalil, the founder of a wedding search engine Lover.ly, gives her take on the trends and also shares some tips.
    Summer is wedding season. Christal Young reports on some recent wedding trends. Kellee Khalil, the founder of a wedding search engine Lover.ly, gives her take on the trends and also shares some tips.
  • The future of technology

    The future of technology

    Wednesday, July 23 2014 7:01 PM EDT2014-07-23 23:01:39 GMT
    For New Yorkers fed up with the nightmare otherwise known as traffic, a futuristic answer may be closer than you think: driverless cars.Gray Scott is a futurist with seriouswonder.com. He and his colleagues track the future of technology. He says driverless cars will be a reality.After launching Google Glass just months ago, Google is about to take vision innovation a step further.
    For New Yorkers fed up with the nightmare otherwise known as traffic, a futuristic answer may be closer than you think: driverless cars.Gray Scott is a futurist with seriouswonder.com. He and his colleagues track the future of technology. He says driverless cars will be a reality.After launching Google Glass just months ago, Google is about to take vision innovation a step further.
  • Local NewsLocal NewsMore>>

  • Suspect arrested in dismembered Brooklyn woman murder case

    Suspect arrested in dismembered Brooklyn woman murder case

    Thursday, July 24 2014 8:04 AM EDT2014-07-24 12:04:07 GMT
    Police say they arrested and charged a suspect in connection with the murder of a Brooklyn woman whose body parts were discovered in Bay Shore. Suffolk County homicide squad and the US Marshals NY/NJ Regional Fugitive Task Force arrested Leah Cuevas, 42, on Wednesday night. Cuevas lived on 346 Sumpter Ave. in Brooklyn, the same address as the victim, Chinelle Latoya Thompson Browne, 27. Cuevas was charged with second-degree murder and held overnight at Suffolk's Fourth Precinct.
    Police say they arrested and charged a suspect in connection with the murder of a Brooklyn woman whose body parts were discovered in Bay Shore. Suffolk County homicide squad and the US Marshals NY/NJ Regional Fugitive Task Force arrested Leah Cuevas, 42, on Wednesday night. Cuevas lived on 346 Sumpter Ave. in Brooklyn, the same address as the victim, Chinelle Latoya Thompson Browne, 27. Cuevas was charged with second-degree murder and held overnight at Suffolk's Fourth Precinct.
  • Bratton: 'not happy'

    NYPD identify suspects in raising of white flags at Brooklyn Bridge

    NYPD identify suspects in raising of white flags at Brooklyn Bridge

    Thursday, July 24 2014 7:48 AM EDT2014-07-24 11:48:41 GMT
    The NYPD says they have identified the suspects for the major security breach that had white flags replace the American flags at the Brooklyn Bridge, one of the most highly secured landmarks in New York City, according to the New York Post. Police say they only know the suspects by nicknames, not their legitimate names. They are working on getting their names in order to bring the suspects in for questioning. The Post says nearly three dozen detectives were on the case. 
    The NYPD says they have identified the suspects for the major security breach that had white flags replace the American flags at the Brooklyn Bridge, one of the most highly secured landmarks in New York City, according to the New York Post. Police say they only know the suspects by nicknames, not their legitimate names. They are working on getting their names in order to bring the suspects in for questioning. The Post says nearly three dozen detectives were on the case. 
  • FAA ends ban on U.S. flights to Tel Aviv

    FAA ends ban on U.S. flights to Tel Aviv

    Thursday, July 24 2014 7:21 AM EDT2014-07-24 11:21:05 GMT
    The Federal Aviation Administration has lifted its ban on U.S. carriers from flying to Tel Aviv. The announcement was made late Wednesday night.The FAA had extended the ban on Thursday afternoon after its first ban went into effect 24 hours earlier. The decision was made after a rocket launched into Israel from Gaza landed near the Ben Gurion Airport.
    The Federal Aviation Administration has lifted its ban on U.S. carriers from flying to Tel Aviv. The announcement was made late Wednesday night.The FAA had extended the ban on Thursday afternoon after its first ban went into effect 24 hours earlier.  The decision was made after a rocket launched into Israel from Gaza landed near the Ben Gurion Airport.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices