Jobless Claims in U.S. Unexpectedly Fall to Five-Year Low [View all]
Source: Bloomberg
Jobless Claims in U.S. Unexpectedly Fall to Five-Year Low
By Alex Kowalski
May 09, 2013 8:30 AM EDT
The number of Americans filing claims for jobless benefits unexpectedly dropped last week to the lowest level in more than five years, a signal employers are confident enough in the economic outlook to hold onto workers.
Applications for unemployment insurance payments decreased by 4,000 to 323,000 in the week ended May 4, the least since January 2008, Labor Department figures showed today. Economists forecast 335,000 claims, according to the median estimate in a Bloomberg survey. The average over the past month was the lowest since before the last recession began.
Read more: http://www.bloomberg.com/news/2013-05-09/jobless-claims-in-u-s-unexpectedly-decrease-to-five-year-low.html
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