Jobless Claims At 4-Month Low

The number of Americans filing new claims for unemployment is the lowest in four months, indicating an improving labor market.

Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 311,000, the lowest level since November, the Labor Department said on Thursday.

Claims for the week ended March 15 were revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 325,000 in the week ended March 22.

The four-week moving average for new claims, considered a better measure of underlying labor market conditions as it irons out week-to-week volatility, fell 9,500 to 317,750. That was the lowest level since September.

By: Alan

Alan Colmes is the publisher of Liberaland.