WASHINGTON (AP) — The number of people applying for unemployment benefits fell sharply for the second straight week, suggesting the job market is slowly recovering.

Applications for benefits dropped 29,000 last week to a seasonally adjusted 409,000, the Labor Department said.

The four-week average, a less volatile measure, rose slightly to 439,000. It was the sixth straight increase.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.