Tuesday, March 3, 2015
YOLO COUNTY NEWS
99 CENTS

Unemployment claims drop to 330K

By
From page A2 | January 09, 2014 |

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell 15,000 last week to a seasonally adjusted 330,000, signaling fewer layoffs and steady job growth.

The Labor Department said Thursday that the less volatile four-week average dropped 9,750 to 349,000.

A Labor spokesman said there was no indication that snow and freezing weather around much of the country caused the drop in applications.

Applications are a proxy for layoffs. They appear to have stabilized near pre-recession levels after a period of volatility around the Thanksgiving and Christmas holidays. That suggests recent job gains will continue.

“The underlying trend is encouraging and supports the view that job creation is picking up momentum,” said Jennifer Lee, a senior economist at BMO Capital Markets.

Outplacement firm Challenger, Gray & Christmas said in a separate report that the number of announced job cuts fell 3 percent last year to 509,051. That’s the fewest layoffs reported by the firm since 1997.

The decline in layoffs has coinciding with stronger hiring. Employers have added an average of 200,000 jobs a month from August through November. That’s helped lower the unemployment rate to a five-year low of 7 percent.

The government will release the December jobs report on Friday.

There are signs that the job gains have helped to lift other parts of the economy. Consumer confidence and spending have picked up. Orders to U.S. manufacturers rose in November, a sign that businesses are investing more on factory-made items such as machinery, computers and electrical goods.

Many economists have become more optimistic about growth in the October-December quarter that just ended. Several are projecting a strong annual growth rate of 3 percent or more. That would follow growth at an annual rate of 4.1 percent in the July-September quarter, the fastest pace since late 2011.

Not all the data have been positive. Income rose at a slower pace than spending last month. Americans are spending more but saving less. And sales of existing homes have fallen for three straight months, held back by higher prices and mortgage rates.

Even with the improvement in the job market, unemployment remains painfully high more than four years after the Great Recession officially ended. And nearly 4.2 million people received some form of unemployment benefits in the week ending Dec. 21, the latest data available.

The number of applications could fluctuate in the coming weeks because of harsh winter weather that closed some offices this week and last, said Yelena Shulyatyeva, a U.S. economist at the bank BNP Paribas.

Fewer people will likely receive benefits in 2014 because a five-year old emergency federal program expired Dec. 28. It provided up to 47 extra weeks of unemployment benefits, paid for by the federal government, to about 1.3 million people.

Congress is debating whether to revive the program for three more months.

The impact of 1.3 million people dropping off the unemployment benefit rolls probably won’t show up in the data for at least another week, because the figures for the total number of recipients are released on a two-week lag.

Economists predict that the expired benefits will cause the unemployment rate to fall by as much as a quarter of percentage point in early 2014. But they say the decrease will likely happen because many of the former recipients will give up on their job searches, which are required in order to receive benefits. The government counts people as unemployed only if they are actively looking for work.

————

By Josh Boak, AP economics writer

Comments

comments

The Associated Press

.

News

County: Baby Justice was on Social Services’ radar

By Lauren Keene | From Page: A1 | Gallery

 
Budget standoff leaves California college hopefuls in limbo

By The Associated Press | From Page: A1

Nominees sought for city’s human rights awards

By Special to The Enterprise | From Page: A1

 
Pedal power: It’s a different kind of March Madness

By Felicia Alvarez | From Page: A1 | Gallery

STEM-Tastic Sunday highlights summer opportunities

By Chloe Lessard | From Page: A1 | Gallery

 
House to vote on Homeland bill without conditions

By The Associated Press | From Page: A2

State to supply just 20 percent of water

By The Associated Press | From Page: A2

 
Bob Dunning: Rampant crime on the streets of Davis

By Bob Dunning | From Page: A2, 1 Comment | Gallery

For the record

By Enterprise staff | From Page: A2

 
Appeals court upholds protection for threatened seabird

By The Associated Press | From Page: A2

Pets of the week

By Enterprise staff | From Page: A3 | Gallery

 
‘Pearls Before Swine’ joins daily comics lineup

By Enterprise staff | From Page: A4

 
Winter market wraps up Wednesday

By Enterprise staff | From Page: A4

Public broadband, on ‘Davisville’

By Enterprise staff | From Page: A4

 
Alcoholic liver disease strikes Hispanics years earlier

By Special to The Enterprise | From Page: A4

Embroiderers will discuss needlework tools

By Enterprise staff | From Page: A4

 
Tuleyome needs volunteers for work party

By Special to The Enterprise | From Page: A4 | Gallery

Holmes’ talent showcased

By Enterprise staff | From Page: A5 | Gallery

 
Bingo games Sunday will benefit DHS Madrigals’ trip

By Special to The Enterprise | From Page: A5

Go all in for fun at Texas Hold ‘Em tournament

By Special to The Enterprise | From Page: A5

 
DCC Nursery School hosts open house

By Special to The Enterprise | From Page: A5

 
Join a fitness party at Zumba class

By Enterprise staff | From Page: A5

Logos Books hosts conversation groups, poetry readings

By Enterprise staff | From Page: A5

 
Get a taste of Middle Earth at library

By Enterprise staff | From Page: A5

Sure and begorrah!

By Enterprise staff | From Page: A6

 
Overeaters get support at meetings

By Enterprise staff | From Page: A6Comments are off for this post

Cycle de Mayo kicks off Bike Month

By Enterprise staff | From Page: A6

 
Klein’s book featured at Authors on the Move

By Special to The Enterprise | From Page: A6

 
City says it did not OK Ygrene mailers

By Dave Ryan | From Page: A6

.

Forum

The kids aren’t interested

By Creators Syndicate | From Page: B5

 
One more family insult

By Creators Syndicate | From Page: B5

Thanks for act of kindness

By Letters to the Editor | From Page: A8

 
Tom Meyer cartoon

By Debbie Davis | From Page: A8

Cannery CFD creates unequal taxation patchwork

By Special to The Enterprise | From Page: A8

 
Climate changes are inevitable

By Letters to the Editor | From Page: A8

Act for our children’s future

By Letters to the Editor | From Page: A8

 
UCD alums will want to stay

By Letters to the Editor | From Page: A8

End the use of this word

By Letters to the Editor | From Page: A8

 
.

Sports

Devil boys net an easy tennis victory

By Enterprise staff | From Page: B1 | Gallery

 
In the Clubhouse: Summerhays Jr. talks about new post at El Macero CC

By Bruce Gallaudet | From Page: B1 | Gallery

 
Lady Blue Devils in semis Tuesday night

By Enterprise staff | From Page: B1

Aggie men host two big ones this week

By Enterprise staff | From Page: B1

 
Dream run ends for Davis’ master wrestlers

By Evan Ream | From Page: B1 | Gallery

Newly acquired Smith scores in Sharks’ victory

By The Associated Press | From Page: B3 | Gallery

 
Sports briefs: Aggie lacrosse team takes home opener

By Enterprise staff | From Page: B3

Blue Devil girls look for revenge in the pool

By Kellen Browning | From Page: B10 | Gallery

 
DHS boys aim to repeat as section swim champs

By Kellen Browning | From Page: B10

.

Features

Name Droppers: Dunn graduates from Marine Corps basic training

By Enterprise staff | From Page: A7 | Gallery

 
.

Arts

Davis Chorale starts year with demanding music

By Special to The Enterprise | From Page: A9

 
Thursday Live! features Keith Cary, Wyatt Hesemeyer

By Special to The Enterprise | From Page: A9

 
Songs of the Civil War to be performed by Anonymous 4

By Jeff Hudson | From Page: A9 | Gallery

.

Business

.

Obituaries

Dieter W. Gruenwedel

By Special to The Enterprise | From Page: A4

 
Otto Vasak

By Special to The Enterprise | From Page: A4

.

Comics

Comics: Tuesday, March 3, 2015 (set 1)

By Creator | From Page: B5

 
Comics: Tuesday, March 3, 2015 (set 2)

By Creator | From Page: B7