Jobless Claims Drop To 234,000, Second-Lowest In Decades

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Washington Examiner:

Applications for unemployment benefits dropped to an ultra-low 234,000 in the week that started April, the Department of Labor said Thursday in a better-than-expected report that suggests there is still momentum in the jobs recovery.

Thursday’s jobless claims numbers were the lowest in five weeks and the second-lowest since November of 1973, when the workforce was much smaller.

The improvement was even better than private-sector forecasters’ expectations, which were for claims to decline slightly after being driven higher the past two weeks, apparently, by big snowstorms on the East Coast. READ MORE

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