Forum - Jobless Claims In US Decline To Match Lowest Since 1973
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Post 122808       April 14 '16 at 12:52 PM
By manishs from Slashdot's increasing-workforce department:
Sho Chandra, reporting for Bloomberg: The number of Americans filing applications for unemployment benefits unexpectedly declined last week to match a more than 42-year low, indicating employers are upbeat about an economy that bogged down in the first quarter. Jobless claims dropped by 13,000 to 253,000 in the week ended April 9, equaling the level in March that was the lowest since November 1973, a report from the Labor Department showed Thursday. The median forecast in a Bloomberg survey called for 270,000. Continuing claims also declined, to the lowest since mid-October. "Jobless claims are running really low and all other labor market data are telling us that the economy is creating a lot of jobs," said Patrick Newport, an economist at IHS Global Insight in Lexington, Massachusetts. "This is further confirmation that the labor market is strong."