Jobless Claims Fall More Than Expected to 382K
Tweet
Share
E-mail
The number of Americans filing for first-time jobless benefits fell last week, as the labor market is showing signs of recovery.
The Labor Department reported Thursday that jobless claims fell by 5,000 to 382,000 for the week ended March 19. Economists had been expecting a decline to 383,000 from a revised reading of 387,000 for the prior week.
The less volatile four-week moving average fell to 385,250 last week, the lowest reading since July 2008.
The number of Americans receiving continuing jobless benefits dropped to the lowest level in nearly three years: 3.721 million versus the Street estimate of 3.7 million.
The Labor Department reported Thursday that jobless claims fell by 5,000 to 382,000 for the week ended March 19. Economists had been expecting a decline to 383,000 from a revised reading of 387,000 for the prior week.
The less volatile four-week moving average fell to 385,250 last week, the lowest reading since July 2008.
The number of Americans receiving continuing jobless benefits dropped to the lowest level in nearly three years: 3.721 million versus the Street estimate of 3.7 million.
Create E-mail Alert Related Categories
Economic Data, Insiders' BlogRelated Entities
Initial Jobless ClaimsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
