Applications For Unemployment In The U.S.

Posted On 07 Mar 2014
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Tag: unemployment in U.S., unemployment in usa, unemployment insurance usa

WASHINGTON (AP) - The number of people who filed for unemployment insurance fell last week on 26000-323000 adjusted station, the lowest level in three months.

The Labor Department said the four-week average, which smooths out fluctuations, dropped to 336,500.

This average indicates that fewer companies are reducing their workforces and anticipate sustainable economic growth despite adverse weather conditions.

Economists follow those numbers before the job advertisement to be released Friday.

A total of 3.4 million Americans received benefits on February 15, the last figures available-period versus 3.49 million the previous week.

Moreover, U.S. productivity grew at a slower pace than anticipated in the last three months of last year.

Economists predict that productivity will increase in 2014, reflecting a strong economy.

The Labor Department said productivity grew at an annual rate of 1.8% in the final quarter of last year, compared to 3.5% in the third.

The new estimate was lower than the 3.2% previously announced by the government. The unit labor cost decreased by 0.1%, less than 1.6% calculated above.

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