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Federal Reserve

Applications for jobless aid rise

More people sought U.S. unemployment benefits last week, though the increase was from a very low level and the figures still point to a healthy job market. Applications for jobless aid rose 12,000 to a seasonally adjusted 267,000, the Labor Department said Thursday. The four-week average, a less volatile figure that is a better measure of underlying trends, dropped 3,750 to 274,750. Applications are a proxy for layoffs, and two weeks ago they plummeted to the lowest level in almost 42 years. That suggests that Americans are enjoying a nearly unprecedented level of job security. The number of people receiving benefits rose 46,000 to 2.26 million. That figure has fallen 11.2 percent in...

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