U.S. Jobless Claims Inch Up While Benefit Rolls Lowest Since '73
(Bloomberg) -- U.S. filings for unemployment insurance crept higher while the number of Americans on benefit rolls fell to the lowest level since 1973 in another indication of a tight job market, Labor Department figures showed Thursday.
Highlights of Jobless Claims (Week Ended March 17)
The U.S. labor picture remains solid, with filings for benefits holding well below the 300,000 level each week that analysts consider healthy. Federal Reserve policy makers on Wednesday projected lower unemployment rates in the coming years than in their previous round of forecasts in December, and new Chairman Jerome Powell said the job market “remains strong.”
- Prior week’s initial claims reading unrevised at 226,000
- Unemployment rate among people eligible for benefits unchanged at 1.3 percent
- Colorado and Maine had estimated claims last week, according to the Labor Department
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