facebook
twitter
search
search

Initial jobless claims fall to 315,000, lowest level since November

Economists expect improving economic indicators to be followed by an uptick in job growth this spring as businesses make up for the winter slowdown.
By Ananth Baliga   |   March 13, 2014 at 12:28 PM
| License Photo

WASHINGTON, March 13 (UPI) -- Americans filing initial jobless claims dropped for the week ending March 8 to 315,000, the lowest it has been since November.

The number of first-time claims for unemployment benefits was down 9,000 from 324,000 the previous week, while economists surveyed by Bloomberg projected it would rise to 330,000. Continued claims continued to decrease for the third straight week.

Initial claims have been volatile for the last few months, owing to an unusually harsh winter, after falling to a near six-year low in late November 2013. Job growth was sluggish in December and January, but did jump back in February, raising hopes that increased hiring and an uptick in wages could boost consumer spending.

The number of people continuing to receive jobless benefits decreased by 48,000 to 2.86 million in the week ending March 1, the lowest level since December.

[Labor Department]
[Bloomberg]

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
North Dakota refinery completed
China starts work on Russian gas pipeline
Eni reaches LNG deal in Indonesia
Samsung gets major Johan Sverdrup contract
SCOTUS says no to Gulf of Mexico spill appeals