Economy

Unexpected Decline in Weekly Unemployment Claims in the U.S.

Unexpected Decline in Weekly Unemployment Claims in the U.S.

The number of Americans filing new claims for unemployment benefits unexpectedly decreased last week, indicating that job growth remained strong in March. The U.S. Department of Labor reported on Thursday that initial claims for government unemployment benefits fell by 2,000 to a seasonally adjusted level of 210,000 for the week ending March 16. Economists surveyed by Reuters had predicted that claims would reach 215,000 in the previous week.

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