04 Aug '11, 12pm

Unemployment aid applications tick down to 400K - Yahoo! via @yahoosg

WASHINGTON (AP) — The number of people seeking unemployment benefits dipped last week, a sign the job market may be improving slowly. The Labor Department says that applications for unemployment benefits edged down 1,000 to a seasonally adjusted 400,000. That's the lowest level in four months. The previous week's figure was revised upward from 398,000 to 401,000. The four-week average, a less volatile figure, dropped for the fifth straight week to 407,750. That suggests there is a downward trend in applications. Applications have been at or above 400,000 for 17 weeks. They fell in February to 375,000, a level that signals healthy job growth. They stayed below 400,000 for two months, but applications then surged to an eight-month high of 478,000 in April and have declined slowly since then. The report comes a day before the government will release the July employment figure...

Full article: http://sg.news.yahoo.com/unemployment-aid-applications-ti...

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