Unemployment applications tick up to 287,000

SHARE Unemployment applications tick up to 287,000

The number of people seeking unemployment benefits rose slightly last week, but remained at historically low levels that signal a strengthening job market.

The Labor Department says weekly applications increased 3,000 to a seasonally adjusted 287,000. The four-week average, a less volatile measure, declined 250 to 281,000, the lowest level in more than 14 years.

Applications are a proxy for layoffs and have fallen 20 percent in the past year.

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