Unemployment Benefit Claims Fall To Four-Year Low

Source: Annalyn Censky / CNN Money

NEW YORK – The number of first-time filers for unemployment benefits fell to a four-year low last week, hinting that solid job growth likely continued in March.

About 348,000 people filed for initial jobless claims in the week ended March 17, down from the previous week’s 353,000 claims, the Labor Department reported Thursday.

Economists surveyed by Briefing.com had predicted the newly unemployed would file 355,000 claims.

Unemployment claims are considered a key indicator of the job market’s strength, and recently they have fallen back to levels consistent with a healthier labor market.

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