U.S. Jobless Claims at Three-Week Low Amid Tight Labor Market
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U.S. filings for unemployment benefits fell to a three-week low, continuing a trend that indicates a tight labor market, Labor Department figures showed Thursday.
A widespread shortage of qualified workers is prompting employers to retain staff, keeping claims near the lowest level in 45 years. While the week-to-week numbers can be volatile, benefits applications below 300,000 are considered consistent with a healthy labor market.