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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
FILE - In this Saturday Aug. 6, 2011 file photo, the shrouded
body of 12-month-old Liin Muhumed Surow, who died of malnutrition 25 days
after reaching the camp according to her father Mumumed, lies before burial
at UNHCR's Ifo Extension camp, near Dadaab in Kenya close to the
Somali border. Officials in East Africa say a report to be released
this week by two U.S. government-funded famine and food agencies gives the
highest death toll yet from Somalia's 2011 famine, estimating that 260,000
people died - more than double previous estimates. (AP Photo/Jerome Delay,
File)The Associated PressFILE - In this Monday, July 25, 2011 file photo,
an unidentified child reacts as he is weighed at a field hospital
of Medecins Sans Frontieres (Doctors Without Borders) in the town of Dadaab,
Kenya. Officials in East Africa say a report to be released this
week by two U.S. government-funded famine and food agencies gives the highest
death toll yet from Somalia's 2011 famine, estimating that 260,000 people
died - more than double previous estimates. (AP Photo/Schalk van Zuydam,
File)The Associated PressFILE - In this Saturday, July 23, 2011 file photo,
a woman sits with her child at a local hospital to receive
treatment for malnutrition at the border town of Dadaab, Kenya. Officials
in East Africa say a report to be released this week by
two U.S. government-funded famine and food agencies gives the highest death
toll yet from Somalia's 2011 famine, esti
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