Strengthening Economy: U.S. Jobless-Benefit Rolls Hit 28-Year Low as Weekly Claims Slip

Reuters Staff : May 11, 2017
Newsmax.com

Claims have now been below 300,000, a threshold associated with a healthy labor market, for 114 straight weeks. That is the longest such stretch since 1970, when the labor market was smaller.

[Reuters/Newsmax.com] New applications for U.S. jobless benefits unexpectedly fell last week and the number of Americans on unemployment rolls hit a 28-1/2-year low, pointing to a rapidly tightening labor market that could encourage the Federal Reserve to raise interest rates in June. (Photo: Don Ryan/Associated Press/via RoomforDebate)

Initial claims for state unemployment benefits dropped 2,000 to...

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