Business

Weekly US unemployment benefit claims drop to 330K

Former Air Force airman Thomas Gipson (right) of Atlanta went over his resume with Ralph Brown, a management analyst, at a recent job fair for veterans in Marietta, Ga.
Former Air Force airman Thomas Gipson (right) of Atlanta went over his resume with Ralph Brown, a management analyst, at a recent job fair for veterans in Marietta, Ga.Associated Press/File 2013

This is a summary. To read the whole story subscribe to BostonGlobe.com

The number of Americans seeking unemployment benefits fell 15,000 last week to a seasonally adjusted 330,000, signaling fewer layoffs and steady job growth.

The Labor Department said Thursday that the less volatile four-week average dropped 9,750 to 349,000.

A Labor spokesman said there was no indication that snow and freezing weather around much of the country caused the drop in applications.

Applications are a proxy for layoffs. They appear to have stabilized near pre-recession levels after a period of volatility around the Thanksgiving and Christmas holidays. That suggests recent job gains will continue.

‘‘The underlying trend is encouraging and supports the view that job creation is picking up momentum,’’ said Jennifer Lee, a senior economist at BMO Capital Markets.

Full story for BostonGlobe.com subscribers.

Get the full story with unlimited access to BostonGlobe.com.

Just 99 cents for four weeks.

Share