Economics
U.S. Jobless Claims Unexpectedly Drop to Lowest Level Since 1973
- Fewest Americans on unemployment benefit rolls in 15 years
- Decline in new filings occurred during jobs report survey week
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Jobless claims unexpectedly decreased to the lowest level since 1973, indicating the U.S. labor market remains a pillar of support in the world’s largest economy.
New applications for unemployment benefits fell by 6,000 to 247,000 in the week ended April 16, data from the Labor Department showed Thursday. The median forecast of economists surveyed by Bloomberg called for 265,000 claims. The number of Americans already on benefit rolls declined to a more than 15-year low.