The number of people seeking U.S. unemployment aid fell last week to the lowest level since October, evidence that employers are confident enough in the economy to hold onto their staffs.
The Labor Department says weekly jobless benefit applications fell 18,000 to a seasonally adjusted 259,000. The four-week average, a less volatile measure, dropped 2,500 to 267,500, the lowest reading since the week of Oct. 31.
Applications are a proxy for layoffs, so the figures indicate that employers are cutting few jobs. Any reading below 300,000 is historically low. When unemployment claims are this low, it typically means businesses are also hiring at a steady pace.
The data comes after last week's jobs report showed that employers added 242,000 jobs in February and the unemployment rate stayed 4.9 percent.
Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan çerezlerle ilgili bilgi almak için lütfen tıklayınız.