Jobless Claims in U.S. Decline for Third Time in Four Weeks
'Good Side' of U.S. Eco Data Is Strong, Says BofA's Meyer
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U.S. filings for unemployment benefits fell for the third time in four weeks and remain near the lowest level in 48 years, underscoring tightness in the job market, Labor Department figures showed Thursday.
The U.S. labor market is still in solid shape, with weekly applications for jobless benefits over the past three years below the 300,000 level that’s consistent with health. The figures reflect how companies are holding on to employees and highlight a big problem they face: finding people with necessary skills to fill open positions.