Applications

applications: The Labor Department said Thursday that applications dropped from 357,000 the previous week, which was revised up from an initially reported 354,000. The less volatile four-week average rose 4,500 to 352,500, according to 660 News. Still, layoffs are only half of an improving jobs picture. The other is hiring, and companies have been reluctant to rapidly create many more jobs and WASHINGTON The number of Americans seeking unemployment benefits fell 11,000 last week to a seasonally adjusted 346,000, a level consistent with steady job growth. Weekly applications are a proxy for layoffs. They have fallen 7 per cent in the past six months and hit a five-year low of 338,000 in early May. (www.immigrantscanada.com). As reported in the news.