Mounted APPLICATIONS: more people sought unemployment benefits last week, the first increase in three weeks. The number of people seeking benefits is passed to 424,000, much more than the 375 000 which is consistent with the sustained growth of employment.
Low labour market: the increase suggests that the labour market remains weak. Employers are reluctant to hire many new workers, while local governments and a few other industries are still cutting jobs.
Slower hiring: companies added over 250 000 new jobs, on average, in the last three months. With applications on the rise, many economists forecast that number will drop in May.
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