US jobless claims dip to three-month low

July 15th, 2011 - 10:56 am ICT by IANS  

Washington, July 15 (IANS/EFE) Initial claims for unemployment benefits fell by 22,000 last week to 405,000, the lowest level in three months, the US Labour Department said Thursday.

The rolling four-week average of first-time jobless claims, seen as a more reliable guide to trends in the labour market, dipped by 3,750 to 423,250.

For the week ending June 25, the number of people receiving state unemployment benefits increased 15,000 to 3.73 million.

Payments were going to another 3.75 million Americans under federal emergency programmes adopted in the face of the worst economic downturn since the 1930s.

The US economy registered a net increase of just 18,000 jobs in June, causing the unemployment rate to edge up to 9.2 percent, the Labour Department said last week.

Nearly 14 million people remain out of work.

Though the recession officially ended two years ago, economic growth remains too weak to recover the 8.4 million jobs lost during the slump.

–IANS/EFE
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