Jobless Claims in U.S. Fall to 368,000, Lowest Since 2008
This article is for subscribers only.
Initial jobless claims unexpectedly declined last week to the lowest level since May 2008, pointing to a strengthening labor market.
Applications for unemployment benefits decreased by 20,000 to 368,000 in the week ended Feb. 26, Labor Department figures showed today. Economists forecast claims would climb to 395,000, according to the median estimate in a Bloomberg News survey. The total number of people receiving unemployment insurance fell to the lowest level since October 2008.