US weekly unemployment aid applications decline - WKOW 27: Madison, WI Breaking News, Weather and Sports

US weekly unemployment aid applications decline


WASHINGTON (WKOW) -- The number of people seeking U.S. unemployment benefits dropped last week.

The Labor Department says weekly unemployment benefit applications fell 5,000 to a seasonally adjusted 359,000. That's the lowest number of applicants since April 2008.

The department also made its annual revisions to the past five years of unemployment benefit data. The revisions significantly increased the number of unemployment benefit applicants in recent months. But the downward trend remains intact.

Experts say when unemployment benefit applications drop consistently below 375,000, it usually signals that hiring is strong enough to lower the unemployment rate.

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