More Americans apply for jobless aid last week

May 4, 2022, 5:40 PM | Updated: May 5, 2022, 5:46 am
A "now hiring" sign is posted in Garnet Valley, Pa., Monday, May 10, 2021.  Applications for unempl...

A "now hiring" sign is posted in Garnet Valley, Pa., Monday, May 10, 2021. Applications for unemployment benefits inched down last week, Thursday, April 21, 2022, as the total number of Americans collecting aid fell to its lowest level in more than 50 years. (AP Photo/Matt Rourke, File)

(AP Photo/Matt Rourke, File)

WASHINGTON (AP) — More Americans applied for unemployment benefits last week but the total number of people collecting jobless aid is at its lowest level in more than 50 years.

Jobless claims in the U.S. rose by 19,000 to 200,000 for the week ending April 30, the Labor Department reported Thursday. First-time applications generally reflect the number of layoffs.

The four-week average for claims, which softens some of the weekly volatility, rose 8,000 from the previous week to 188,000.

The total number of Americans collecting jobless benefits for the week ending April 23 fell by 19,000 from the previous week, to 1,384,000. That’s the fewest since January 17, 1970.

American workers are experiencing historically strong job security two years after the coronavirus pandemic plunged the economy into a brief but devastating recession. Weekly applications for unemployment aid have been consistently below the pre-pandemic level of 225,000 for most of this year, even as the overall economy contracted.

On Tuesday, the Bureau of Labor Statistics reported that U.S. employers posted a record 11.5 million job openings in March — an unprecedented two job openings for every person who is unemployed. A record 4.5 million Americans quit their jobs in March — a sign that they are confident they can find better pay or improved working conditions elsewhere.

Employers have added an average of more than 540,000 jobs a month for the past year, pushing the unemployment rate down to 3.6%. The Labor Department is expected to report Friday that the economy generated another 400,000 new jobs in April, according to a survey by the data firm FactSet. That would mark an unprecedented 12th straight month that hiring has come in at 400,000 or more.

The only thing hotter than the job market is inflation. On Wednesday, the Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point — its most aggressive move since 2000 — and signaling further large rate hikes to come.

The increase in the Fed’s key rate raised it to a range of 0.75% to 1%, the highest point since the pandemic struck two years ago.

The Commerce Department reported last month that the U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4% annual rate, even as consumers and businesses kept spending in a sign of underlying resilience.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Arby's - LEHI, UT - OCTOBER 26: Exterior view of an Arby's restaurant on October 26, 2017 in Lehi, ...
Associated Press

Ex-Arby’s manager in Vancouver, Wash. sentenced after urinating in milkshake mix

A former manager at an Arby’s restaurant admitted to possessing child pornography and urinated into a milkshake mix
16 hours ago
FILE — Marijuana plants for the adult recreational market are loaded on a tractor for planting at...
Associated Press

900 apply for NY’s first licenses to sell recreational pot

ALBANY, N.Y. (AP) — More than 900 would-be pot shop operators have applied for a chance to open New York state’s first legal dispensaries for recreational marijuana, regulators said Wednesday. The state has said it plans to issue about 150 licenses in this first round, which was open only to people with past pot convictions […]
16 hours ago
Associated Press

At least 6 people wounded in shooting at school in Oakland

OAKLAND, Calif. (AP) — At least six people were wounded in a shooting at a school in Oakland on Wednesday, officials said. The scene of the shooting was “no longer active,” according to Alameda County Sheriff spokesperson Lt. Ray Kelly. Paramedics had transported six patients to hospitals, all with gunshot wounds, according to Oakland Fire […]
16 hours ago
Associated Press

Michigan lawmakers agree on early absentee ballot processing

LANSING, Mich. (AP) — Michigan election officials could begin processing absentee ballots two days before the Nov. 8 election under an agreement lawmakers reached Wednesday in hopes of avoiding delays in counting, with absentee voting expected to remain a popular option. Michigan is one of several key swing states that allows no-excuse mail-in ballots but […]
16 hours ago
Associated Press

JetBlue, Southwest spar over slots in antitrust trial

Senior executives of JetBlue Airways and Southwest Airlines argued in court Wednesday over JetBlue’s controversial partnership with American Airlines that the Biden administration is seeking the thwart. JetBlue CEO Robin Hayes told a federal court in Boston the partnership will help his airline grow, accommodate customers whose flights gets canceled, and attract more corporate travelers. […]
16 hours ago
Mayor Chokwe Antar Lumumba speaks during a news conference at City Hall in Jackson, Miss., regardin...
Associated Press

Mississippi city with water woes to replace some lead pipes

JACKSON, Miss. (AP) — Officials in Mississippi’s capital city said Wednesday that workers have found lead in water pipes at 16 buildings out of nearly 24,000 checked so far — the latest indication of problems in Jackson’s long-troubled water system. Jackson Mayor Chokwe Antar Lumumba acknowledged “no level of lead is permissible” in drinking water. […]
16 hours ago

Sponsored Articles

Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
Swedish Cyberknife 900x506...

June is Men’s Health Month: Here’s Why It’s Important To Speak About Your Health

According to the Centers for Disease Control and Prevention, men in the United States, on average, die five years earlier than women.
...

Anacortes – A Must Visit Summertime Destination

While Anacortes is certainly on the way to the San Juan Islands (SJI), it is not just a destination to get to the ferry… Anacortes is a destination in and of itself!
...

Ready for your 2022 Alaskan Adventure with Celebrity Cruises?

Celebrity Cruises SPONSORED — A round-trip Alaska cruise from Seattle is an amazing treat for you and a loved one. Not only are you able to see and explore some of the most incredible and visually appealing natural sights on the planet, but you’re also able to relax and re-energize while aboard a luxury cruise […]
More Americans apply for jobless aid last week