Applications for US jobless aid near 7-year low

By Christopher Rugaber

Published May 29, 2014 1:32pm ET

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Applications for US jobless aid near 7-year low — FILE - In this Thursday, Aug. 8, 2013, file photo, Applicants listen to a speaker's bull horn instructions for attending a combined Metropolitan Transportation Authority (MTA) and Harlem Week job and career fair at Columbia University in New York. The Labor Department reports the number of people who applied for unemployment benefits last week later Thursday May 29, 2014. (AP Photo/Bebeto Matthews, File) | Bebeto Matthews

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to nearly the lowest level in seven years, a sign hiring may be picking up.

Weekly applications for unemployment aid dropped 27,000 to a seasonally adjusted 300,000, the Labor Department said Thursday. That’s just above a seven-year low reached three weeks ago. The four-week average, a less volatile measure, fell to 311,500, the fewest since August, 2007.

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Tag:

Entitlements Jobs Labor Unemployment