Unemployment claims fall to five-year low

Applications for jobless benefits fell by 5,000 for the week ending January19, bringing the total to 330,000, down from last week’s revised figure of 335,000, the Labor Department announced on Thursday.

That’s the lowest unemployment aid has been since Jan. 2008.

The four-week moving average, a “less volatile” figure, decreased by 8,250, bringing the total to 351,750, up from last week’s revised average of 360,000.

“The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending January 12, unchanged from the prior week’s unrevised rate,” the report reads.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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