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Business

  • Apprentice slots open with union
    Plumbers & Steamfitters Local 166 will host an “Industry Advancement and Apprenticeship Promotion” event from today through Friday at the union's offices, 2930 W. Ludwig Road.
  • Non-bank ATM fees jump
    LOS ANGELES – The penalty for using an ATM that is not affiliated with your bank rose 5 percent over the past year.
  • Non-bank ATM fees jump
    LOS ANGELES – The penalty for using an ATM that is not affiliated with your bank rose 5 percent over the past year.The average fee for using an out-of-network ATM climbed to a new high of $4.
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Associated Press
Job seekers attend a marijuana industry job fair last week in downtown Denver. The Labor Department said Thursday that unemployment claims held steady last week, a sign that the jobs market continues to strengthen.

Unemployment claims hold near four-month low

– The number of Americans filing applications for unemployment benefits held last week near the lowest level in almost four months, a sign the labor market continues to strengthen.

Jobless claims increased by 5,000 to 320,000 in the week ended March 15, a Labor Department report showed Thursday. The median forecast of 51 economists surveyed by Bloomberg called for an increase to 322,000. The four-week average, a less volatile measure, fell to the lowest level since late November.

A slowdown in dismissals may pave the way for employers to take on more workers once demand accelerates. Federal Reserve policymakers said Wednesday that there is “sufficient underlying strength in the broader economy to support ongoing improvement in labor-market conditions,” even as economic activity slowed during the winter months.

“Claims remain extremely encouraging,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics in Valhalla, N.Y. “They’re signaling that the net slowing in payrolls gains in the last few months is weather-related and temporary, and we’re due for some catch-up in payrolls.”

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