The number of people seeking U.S. unemployment benefits fell last week, but the level of applications remains too high to signal a pickup in hiring.
By Christopher S. Rugaber|June 28, 2012 at 05:28 AM
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WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits fell last week, but the level of applications remains too high to signal a pickup in hiring.
The Labor Department said Thursday that weekly applications fell to a seasonally adjusted 386,000. That’s down from 392,000 the previous week, which was revised up. The four-week average, which smooths week-to-week fluctuations, was mostly unchanged at 386,750.
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