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Still, claims will have to keep falling to signal a widespread increase in hiring.
Applications near 375,000 are consistent with a sustained increase in hiring.
Only New York reported a significant increase in hiring, the report said.
Consumer spending has risen modestly in recent months, translating into stronger earnings and a slight increase in hiring.
That's what I, and others, predicted at the start of the year, but the cold winter delayed the expected increase in hiring and spending.
The report showed some improvement in the labor market but failed to indicate the increase in hiring that investors wanted to see.
Similar(32)
The attacks and subsequent fear of terrorism were used to justify substantial increases in hiring at the border patrol.
Rather, the economy's principal job creators are seeing too little demand to justify increases in hiring.
Experts project 6percentt annual increases in hiring during the next two years.
He hoped to increase flexibility in hiring at Japanese companies, many of which are saddled with more employees-for-life than they need, protected by labor laws and social norms.
The OECD, like the British government, predicts an increasing trend in hiring older people.
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