US Jobless Claims Hold at Historically Low Level of 217,000
- Applications for benefits have been subdued in recent months
- Recurring claims ticked up to about 1.91 million in prior week
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Applications for US unemployment benefits held at historically low levels last week, the latest evidence of a resilient labor market.
Initial claims was unchanged at 217,000 in the week ending March 2, according to Labor Department data released Thursday. That was in line with the median estimate in a Bloomberg survey of economists.