Agence France-PresseMarch 27, 2014 10:20
First-time claims for US unemployment benefits fell last week, adding to signs of a firming jobs market, government data showed Thursday.
Initial jobless claims, a sign of the pace of layoffs, totaled 311,000 in the week to March 22, down from 321,000 the previous week, the Labor Department said.
The four-week moving average fell by 9,500 to 317,750 claims. A year ago the average stood at 343,000 claims.
Ian Shepherdson of Pantheon Macroeconomics warned not to conclude that the recent fall in claims is a permanent shift.