Weekly Jobless Claims At 2-Yr Low
The Hill reports:
Last week, 34,000 less workers filed for unemployment benefits, bringing the total number to 407,000 — the lowest level in more than two years, according to the Department of Labor.
The numbers are better than expected: economists expected seasonally adjusted unemployment to fall to 435,000 this week.
The four-week average of initial unemployment benefit claims, a more accurate indicator, also fell to a two-year low — by 7,500 to 436,000.
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