U.S. Jobless Claims Decline, Approach an Almost 45-Year Low

U.S. filings for unemployment benefits unexpectedly declined last week, hovering close to an almost 45-year low and signaling a tight job market, Labor Department figures showed Thursday.

The historically low level of jobless claims is a reminder that employers are holding on to existing staff given the difficulty finding experienced and qualified workers. Applications for jobless benefits below the 300,000 mark are considered consistent with a healthy labor market.