Latest Jobless Claims Better Than Expected, Down to 382K
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Fewer workers in the U.S. filed for unemployment benefits last week, suggesting the labor market is starting to show signs of recovery.
The Labor Department reported Thursday that applications for jobless benefits fell 10,000 to 382,000 in the week ended April 2, the lowest level since February 26. The number of people on unemployment benefit roll and those receiving extended payments decreased.
Economists had expected a slightly more modest drop to 385,000, while last week's claims were revised higher higher from 388,000 to 392,000.
The four-week moving average, which strips out week-to-week volatility, dropped to 389,500 from 395,250.
The Labor Department reported Thursday that applications for jobless benefits fell 10,000 to 382,000 in the week ended April 2, the lowest level since February 26. The number of people on unemployment benefit roll and those receiving extended payments decreased.
Economists had expected a slightly more modest drop to 385,000, while last week's claims were revised higher higher from 388,000 to 392,000.
The four-week moving average, which strips out week-to-week volatility, dropped to 389,500 from 395,250.
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