Pursuits
Claims for Payroll Survey Week Signal U.S. Hiring Gains
U.S. Jobless Claims Little Changed at 291,000
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The limited number of Americans filing applications for unemployment benefits last week signals the labor market remains resilient even as the economy cools.
Jobless claims rose by 1,000 to 291,000 in the seven days ended March 14, a Labor Department report showed Thursday in Washington. Readings lower than 300,000 are consistent with strong hiring, according to economists such as Jim O’Sullivan. The figures were for the week the government also surveys employers to calculate the monthly payroll data.