Wednesday, May 6, 2015
YOLO COUNTY NEWS
99 CENTS

Unemployment applications fall to 341,000

By
From page A2 | February 14, 2013 |

WASHINGTON (AP) — The number of people seeking unemployment benefits fell by 27,000 last week, an indication that hiring could improve.

The Labor Department said Thursday that weekly applications dropped to a seasonally adjusted 341,000, the lowest level in three weeks. The four-week average, a less volatile measure, ticked up to 352,500 from a five-year low of 351,000 the previous week.

Applications have declined slowly but steadily in recent months. The four-week average has fallen 5 percent since November. Applications are a proxy for layoffs. As they fall, net hiring typically rises.

The applications figures “continue to show no sign of new weakening–if anything, the opposite,” said Jim O’Sullivan, an economist at High Frequency Economics. “The message: the recent trend in employment growth is at least being maintained.”

The snowstorm that hit the Northeast this weekend had limited impact on the latest figures. The report covers the week ended Feb. 9, before the storm hit. The Labor Department said it estimated figures for two states, including Connecticut where the storm closed state offices. Illinois also didn’t provide data.

Job gains have picked up in the past three months, although companies remain cautious about adding workers.

Employers added an average of 200,000 jobs a month from November through January. That’s up from about 150,000 in the previous three months.

The economy added 157,000 jobs in January, the government said earlier this month. And revisions showed employers added 181,000 jobs per month last year, up from an earlier estimate of 153,000.

Still, unemployment remains high. The unemployment rate ticked up to 7.9 percent in January from 7.8 percent in December. Economists expect the rate will decline if hiring continues at last year’s monthly pace of 180,000. The rate fell 0.7 percentage points in 2012.

The number of people receiving benefits also rose. More than 5.9 million people received benefits in the week ended Jan. 26, the latest data available. That was about 325,000 more than the previous week.

The economy contracted at an annual rate of 0.1 percent in the October-December quarter, hurt by a sharp cut in defense spending, fewer exports and sluggish growth in company stockpiles. That’s much slower than the 3.1 percent growth recorded in the July-September period.

Still, economists expect that figure will be revised in the coming months to show a small increase, after more data about last quarter has been reported. Economists at Barclays Capital estimate the economy expanded 0.5 percent in the fourth quarter.

Growth will likely pick up a bit in the January-March quarter to an annual rate of 1.5 percent, analysts forecast. That’s better than the fourth quarter but below last year’s expansion of 2.2 percent.

Comments

comments

The Associated Press

.

News

New chemistry building in the works at UCD

By Special to The Enterprise | From Page: A1

 
With collective’s help, you can fix it yourself at Bike Forth

By Bob Schultz | From Page: A1 | Gallery

May 11 talk focuses on clean water

By Enterprise staff | From Page: A3

 
‘From Age-ing to Sage-ing’ guides library group

By Enterprise staff | From Page: A3

Crossing lines, on ‘Davisville’

By Enterprise staff | From Page: A3

 
’12 Angry Men’ will screen Friday

By Enterprise staff | From Page: A3

 
Kids get a peek at the great outdoors

By Special to The Enterprise | From Page: A3

Heidrick Ag History Center rebranded as California Agriculture Museum

By Special to The Enterprise | From Page: A3

 
BeerFest expands to include cider

By Enterprise staff | From Page: A3

Pet Food Express organizes Save a Kitten fundraiser

By Special to The Enterprise | From Page: A4

 
Earth-centered author comes to Avid Reader

By Enterprise staff | From Page: A6

Breast cancer treatment update offered

By Enterprise staff | From Page: A6

 
MIND Institute lecture will focus on prenatal exposure to insecticide

By Special to The Enterprise | From Page: A6

 
Retirees to hear about Woodland’s shade tree campaign

By Enterprise staff | From Page: A6

Round up at the registers for Davis schools

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

 
Origami lovers will meet at library

By Enterprise staff | From Page: A6

Health care documentary will screen at meeting

By Enterprise staff | From Page: A9

 
Pence Gallery: We’re overflowing with gratitude

By Natalie Nelson | From Page: A9 | Gallery

Who is Ralph Hexter? Chancellor’s No. 2 fills us in

By Tanya Perez | From Page: A10 | Gallery

 
.

Forum

New book flows with good news about water

By Special to The Enterprise | From Page: B4 | Gallery

 
Injection wells endanger our aquifers

By Special to The Enterprise | From Page: B4

.

Sports

Devils crush Edison to earn McClatchy rematch

By Evan Ream | From Page: B1 | Gallery

 
Blue Devils grind out a victory over Oak Ridge

By Thomas Oide | From Page: B1 | Gallery

Davis boys dominate first playoff match

By Spencer Ault | From Page: B1 | Gallery

 
Aggies go flat in 7-1 Sacramento State win at Raley

By Bruce Gallaudet | From Page: B1 | Gallery

 
Alliance/Legacy roundup: Local squads fare well over the weekend

By Enterprise staff | From Page: B3 | Gallery

 
AYSO roundup: Davis teams capture Fog Classic crowns

By Enterprise staff | From Page: B3 | Gallery

.

Features

.

Arts

High school artists exhibited at Pence Gallery

By Special to The Enterprise | From Page: A7

 
See Christian Quintin’s paintings at Hattie Weber Museum

By Special to The Enterprise | From Page: A7

Academy of St. Martin in the Fields Chamber Ensemble returns

By Jeff Hudson | From Page: A7 | Gallery

 
Sac Ballet presents Modern Masters on May 8-9

By Jeff Hudson | From Page: A7

 
Davis Youth Flute Choir tunes up for China tour

By Enterprise staff | From Page: A8

.

Business

.

Obituaries

.

Comics

Comics: Wednesday, May 6, 2015

By Creator | From Page: B5