Unemployment Claims Remain Near 43-year low

The number of people seeking U.S. unemployment benefits fell to the lowest level since 1973 last week, evidence that businesses are confident enough in the economy to hold onto their workers. Weekly applications for jobless benefits fell 19,000 to a seasonally adjusted 235,000, the Labor Department said Thursday. The four-week average, a less volatile measure, dropped to 253,500. Applications for jobless benefits staying close to a four-decade low provides strong evidence that the job market remains resilient despite the fact that economic growth has been anemic so far this year. Read More