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Tuesday, October 22, 2019  Spokane, Washington  Est. May 19, 1883
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Applications for U.S. jobless aid tick up to still-low 241,000

Employment opportunities are discussed at a job fair for veterans in Pembroke Pines, Fla., in June 2015. (Associated Press)
Employment opportunities are discussed at a job fair for veterans in Pembroke Pines, Fla., in June 2015. (Associated Press)
Associated Press

Slightly more people sought U.S. unemployment benefits last week, but the number of applications remained at a historically low level that suggests the job market is healthy.

The Labor Department said weekly applications rose 3,000 to a seasonally adjusted 241,000. The less-volatile four-week average ticked up 1,500 to 244,750.

Applications are a proxy for layoffs and they have come in below 300,000, a historically low level, for 120 weeks in a row. That’s the longest such stretch since 1970. Employers have added jobs at a steady pace this year, though somewhat slower than in 2016, and the unemployment rate is at a 16-year low of 4.3 percent.

Businesses are hiring despite slow growth in the first three months of the year. Analysts, however, expect faster growth in the current quarter.

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