Friday, January 30, 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

Schools give parents tools to help kids thrive

By Enterprise staff | From Page: A1 | Gallery

 
Suspected Ebola patient being treated at UCD Med Center

By San Francisco Chronicle | From Page: A1

 
Town hall focuses on Coordinated Care Initiative

By Anne Ternus-Bellamy | From Page: A1

Two more cases of measles in Northern California in children

By The Associated Press | From Page: A2

 
Dartmouth bans hard liquor

By New York Times News Service | From Page: A2

 
Need a new best friend?

By Enterprise staff | From Page: A2 | Gallery

Stanford University to get $50 million to produce vaccines

By The Associated Press | From Page: A2

 
Walkers head out three times weekly

By Enterprise staff | From Page: A3Comments are off for this post

Free tax preparation service begins Monday

By Special to The Enterprise | From Page: A3

 
Vote for your favorites in Readers’ Choice poll

By Enterprise staff | From Page: A3

No bare bottoms, thanks to CommuniCare’s Diaper Drive

By Special to The Enterprise | From Page: A3 | Gallery

 
Storyteller relies on nature as his subject on Saturday

By Enterprise staff | From Page: A3

Still time to purchase tickets for DHS Cabaret

By Enterprise staff | From Page: A3

 
All voices welcome at sing-along Wednesday

By Enterprise staff | From Page: A3

Great Chefs Program will feature Mulvaney

By Special to The Enterprise | From Page: A3

 
February science fun set at Explorit

By Lisa Justice | From Page: A6 | Gallery

 
Take a photo tour of Cuba at Flyway Nights talk

By Enterprise staff | From Page: A6 | Gallery

See wigeons, curlews and meadowlarks at city wetlands

By Special to The Enterprise | From Page: A8 | Gallery

 
.

Forum

Time for bed … with Grandma

By Creators Syndicate | From Page: B5

 
Tom Meyer cartoon

By Debbie Davis | From Page: A10

 
A ‘new deal’ for the WPA building

By Special to The Enterprise | From Page: A10

Protect root zone to save trees

By Letters to the Editor | From Page: A10

 
Weigh quality of life, density

By Letters to the Editor | From Page: A10

Olive expert joins St. James event

By Letters to the Editor | From Page: A10

 
We’re grateful for bingo proceeds

By Letters to the Editor | From Page: A10

.

Sports

UCD has another tough football schedule in 2015

By Enterprise staff | From Page: B1

 
Gould’s influence felt mightily in recent Super Bowls

By Bruce Gallaudet | From Page: B1

Mustangs hold off UCD women

By Enterprise staff | From Page: B1 | Gallery

 
UCD men set new school D-I era win record

By Bruce Gallaudet | From Page: B1 | Gallery

Sports briefs: Watney, Woods start slow at TPC Scottsdale

By Enterprise staff | From Page: B2

 
Sharks double up Ducks

By The Associated Press | From Page: B2 | Gallery

Recall that first Aggie TV game, national title?

By Bruce Gallaudet | From Page: B8 | Gallery

 
.

Features

.

Arts

 
‘Song of the Sea’ is an enchanting fable

By Derrick Bang | From Page: A11 | Gallery

‘Artist’s Connection’ launches on DCTV

By Special to The Enterprise | From Page: A11

 
Gross’ paintings highlight a slice of Northern California

By Enterprise staff | From Page: A12 | Gallery

February show at YoloArts’ Gallery 625 is ‘Food for Thought’

By Special to The Enterprise | From Page: A12 | Gallery

 
.

Business

.

Obituaries

.

Comics

Comics: Friday, January 30, 2015

By Creator | From Page: A9