Applications for US unemployment benefits rise to 326,000
Liberals have made the economy a joke. The sad thing is how many people would rather sit at home on a government check than work. Look around you and you’ll see tons of job openings. Might not be the dream job you want, but it is work that pays. We need to stop paying people not to work.
Check it out:
The number of people seeking U.S. unemployment benefits jumped last week, but remained at a low level that suggests hiring should remain steady.
Applications rose 28,000 to a seasonally adjusted 326,000, the Labor Department said Thursday. The increase comes after applications fell to their lowest level since May 2007 two weeks ago.
The four-week average, a less volatile measure, dipped 1,000 to 322,500. The average reached a seven-year low of 312,000 last month. Applications are a proxy for layoffs, so the low levels suggest companies are cutting few jobs.
The number of people receiving benefits fell to 2.65 million, the fewest since Dec. 1, 2007, when the recession began.
“Don’t be disappointed,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a research note. “The trend is downwards, signaling faster payroll growth.”