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<p style="font-size:xx-small;">The number of Americans seeking unemployment aid fell last week to seasonally
adjusted 324,000, the lowest since January 2008. The drop points to fewer
layoffs and possibly more hiring.The Labor Department says weekly applications
fell 18,000, the second straight sharp drop. The four-week average, a less
volatile measure, plummeted 16,000 to 342,250.Applications are a proxy for
layoffs. But fewer job cuts are only one side of the equation:
Companies also need to be confident enough to add workers for job
growth to pick up and lower the unemployment rate.Economists forecast that
the economy added 160,000 jobs last month. That's much better than the
88,000 added in March, but below last year's pace of nearly 185,000
per month. The unemployment rate is expected to remain unchanged at 7.6
percent.The government will release the April employment report Friday.Weekly
applications at or below 350,000 are generally consistent with moderate
hiring. But other reports have signaled a worsening jobs picture.On Wednesday,
payroll provider ADP said companies added just 119,000 jobs in April. And
a survey of manufacturers by the Institute for Supply Management found that
a measure of employment fell sharply last month.Many companies have been
advertising more jobs but have been slow to fill them. Job openings
jumped 11 percent during the 12 months that ended in February, but
the number of people hired declined, according to a Labor Department report
l
This April 1, 2011 photo shows activist Ahmed Douma chanting slogans during
a march to Tahrir Square demanding prosecution of members of former President
Hosni Mubarak's regime in Cairo, Egypt. An Egyptian prosecutor says prominent
Douma was arrested and referred to a speedy trial for insulting the
countrys president in comments he made on TV, in the first such
case. Prosecutor Mohammed Tanikhi said Thursday, May 2, 2013 that Doumas
trial begins Sunday. He was arrested Tuesday after a Muslim Brotherhood
member complained that Douma called Morsi a killer and a criminal, blaming
him for a violent security crackdown on protesters in the coastal city
of Port Said that left 40 people killed. (AP Photo/Sarah Carr)The Associated
PressThis April 1, 2011 photo shows activist Ahmed Douma, left, during a
march to Tahrir Square demanding prosecution of members of former President
Hosni Mubarak's regime in Cairo, Egypt. An Egyptian prosecutor says prominent
Douma was arrested and referred to a speedy trial for insulting the
countrys president in comments he made on TV, in the first such
case. Prosecutor Mohammed Tanikhi said Thursday, May 2, 2013 that Doumas
trial begins Sunday. He was arrested Tuesday after a Muslim Brotherhood
member complained that Douma called Morsi a killer and a criminal, blaming
him for a violent security crackdown on protesters in the coastal city
of Port Said that left 40 people killed. (AP Photo/Sarah CarrThe Associated
Pr
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