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US unemployment aid applications decline slightly

7:37 AM, Apr 19, 2012   |    comments
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By CHRISTOPHER S. RUGABER, AP Economics Writer

WASHINGTON (AP) - The number of people seeking U.S. unemployment benefits dipped last week but remained higher than it's been in recent weeks. The slight rise in applications in the past few weeks could signal that the gains in the job market are uneven.

The Labor Department says weekly applications declined 2,000 to a seasonally adjusted 386,000. The previous week's data was revised up 8,000 to 388,000.

The four-week average, a less volatile measure, rose 5,500 to 374,750, the highest in nearly three months.

Hiring slowed in March after a fast start this year. Employers added only 120,000 jobs in March - half the pace of the previous three months. Many economists downplayed the weak March figures, noting that a warmer winter may have led to some earlier hiring in January and February.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Associated Press

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