U.S. Initial Jobless Claims Drop to Lowest in Almost 44 Years
U.S. Initial Jobless Claims Tumble to Near 44-Year Low
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The fewest Americans in almost 44 years filed applications to collect unemployment benefits last week, indicating the job market continues to power forward.
Jobless claims fell by 19,000 to 223,000 in the week ended Feb. 25, the fewest since March 1973 and below the lowest projection in a Bloomberg survey of economists, a report from the Labor Department showed Thursday. The median forecast called for 245,000 applications.