Economics
Jobless Claims in U.S. Drop to Lowest Level in Five Months
- Last week marked full year of weekly claims under 300,000
- Level approaches four-decade low of 255,000 reached in July
Three Charts: U.S. Jobs Report
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Filings for U.S. unemployment benefits fell last week to the lowest level in five months as the number of firings remained consistent with a solid labor market.
Jobless claims dropped by 18,000 to 259,000 in the week ended March 5, the fewest since mid-October, from a revised 277,000 in the prior period, a Labor Department report showed Thursday in Washington. The median forecast of 48 economists surveyed by Bloomberg called for 275,000.