Unemployment Applications Continue to Fall
The Labor Department reported Thursday that fewer Americans applied for unemployment benefits the previous week, continuing a nearly two-year trend that suggests a solid job market.
The department reported that weekly requests for jobless aid fell 10,000 to a seasonally adjusted 265,000.
The four-week average for claims was 263,000. Claims have stayed below 300,000 — a level indicative of healthy hiring levels — for 95 straight weeks.