LINKEDINCOMMENTMORE

Washington – The number of Americans filing applications for unemployment benefits edged up again last week to a still-low 249,000. Meanwhile, the overall number of people collecting unemployment benefits fell to a near 44-year low, further evidence that Americans enjoy job security.

The Labor Department reports that applications for jobless aid rose by a seasonally adjusted 10,000 last week after a similar increase in the previous week.

The four-week average, which smooths out week-to-week volatility, rose to 237,750, an increase of 6,500. But the number of people receiving benefits fell to 1.89 million, a drop of 44,000, putting this figure at the lowest level since Dec. 29, 1973.

The level of unemployment benefits, which serve as a proxy for layoffs, has been below 300,000 for more than two years.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Read or Share this story: http://detne.ws/2hBvtLO