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US unemployment aid applications plummet to 346K

April 11, 2013 • Business


In this Tuesday, Feb. 26, 2013, photo, job seekers wait in line to talk with prospective employers at the Edison Career Fair job fair in the Iselin section of Woodbridgeo Township, N.J. The number of Americans seeking U.S. unemployment benefits fell sharply last week to a seasonally adjusted 346,000, suggesting March’s weak month of hiring may be a temporary slowdown. Employers added only 88,000 jobs in March after averaging 220,000 the previous four months. The drop in unemployment benefits suggests hiring could pick up again in April. (AP Photo/Mel Evans)

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell sharply last week to a seasonally adjusted 346,000, signaling that the job market might be stronger than March’s weak month of hiring suggested.

Applications for unemployment aid dropped 42,000 last week, the Labor Department said Thursday. The decline nearly reversed an increase over the previous three weeks. The four-week average, a less volatile measure, rose 3,000 to Login to read more

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