U.S. Applications for Unemployment Benefits Rose Last Week

WASHINGTON (AP) —
FILE - In this April 22, 2015, file photo, a job seeker fills out an application during a National Career Fairs job fair in Chicago. According to information released by the Labor Department on Thursday, Dec. 10, 2015, applications for U.S. jobless aid climbed in the week earlier, but the number of Americans seeking benefits remains close to historic lows in a positive sign for the job market. (AP Photo/M. Spencer Green, File)
In this file photo, a job seeker fills out an application during a National Career Fairs job fair in Chicago. (AP Photo/M. Spencer Green, File)

More Americans requested unemployment benefits last week, but the level remains near historic lows in a positive sign for the job market.

Applications for jobless aid jumped 20,000 to a seasonally adjusted 287,000, the Labor Department said Thursday. The less volatile 4-week average climbed 4,500 to 277,000.

Over the past 12 months, the number of people receiving benefits has fallen 7.1 percent to 2.2 million.

The increase of part-time, seasonal jobs during the winter season can make the jobless claims figures volatile, but the employment gains of the past year look likely to continue. Applications for benefits are a proxy for layoffs, so the low level indicates that employers are keeping their workers and potentially planning to hire.

Businesses still view the U.S. economy as growing, despite the manufacturing sector struggling amid a broader global slowdown. Employers have hired about 210,000 workers a month this year. And unemployment last month held at a seven-year low 5 percent.

Despite last week’s increase, jobless claims have stayed below the key level of 300,000 for nearly 10 months. Any figure lower than that threshold often corresponds with monthly job gains in excess of 200,000.

The economy enters 2016 with the job market looking solid. The slow recovery from the Great Recession that ended more than six years ago has found some traction. Americans have increased their purchases of autos, homes, restaurant meals and goods online. Still, low oil prices and weak international demand stemming from Europe, China and several emerging economies such as Brazil are sources of concern.

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