Economics
U.S. Jobless Claims Fall to Lowest Level Since Start of Year
- Applications drop to 215,000, lowest since week ended Jan. 1
- Four-week average of continuing claims lowest since 1970
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Applications for U.S. state unemployment insurance fell by more than forecast to the lowest level since the start of the year, as Covid-19 cases decline and restrictions ease.
Initial unemployment claims decreased by 18,000 to 215,000 in the week ended Feb. 26, Labor Department data showed Thursday. The median estimate called for 225,000 applications in a Bloomberg survey of economists.