Jobless Claims Decrease By 4,000 Filings

According to the United States Labor Department, the number of reported jobless claims filed by workers averaged around 323,000 claims last week, the lowest level seen since 2008. Unemployment claims have steadily dropped over the last few weeks, and the four-week moving average for U.S. jobless claims declined by 6,250 claims. An Econoday analyst said, “jobless claims are offering solid signs of improvement in the labor market. Initial claims are down for a third straight week, 4,000 lower in the May 4 week to a new recovery low of 323,000.” More here and here

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