US applications for jobless benefits fall to 205,000 last week as layoffs remain historically low.
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U.S. applications for unemployment benefits fell last week, remaining in the same range of recent years despite a broadly tepid labor market. The number of Americans filing for jobless aid for the week ending March 14 fell by 8,000 from the previous week to 205,000, the Labor Department reported Thursday. Filings for unemployment benefits are viewed as a proxy for U.S. layoffs and are close to a real-time indicator of the health of the job market.
📄 Summary
U.S. applications for unemployment benefits fell last week, remaining in the same range of recent years despite a broadly tepid labor market. The number of Americans filing for jobless aid for the week ending March 14 fell by 8,000 from the previous week to 205,000, the Labor Department reported Thursday. Filings for unemployment benefits are viewed as a proxy for U.S. layoffs and are close to a real-time indicator of the health of the job market.