Looking more like a trend every month.
Applications for unemployment insurance payments fell by 14,000 to 351,000 in the week ended March 10, Labor Department figures showed today. Economists forecast 357,000, according to the median estimate in a Bloomberg News survey. Claims reached the same level a month ago, the lowest since March 2008.
The number of people continuing to collect jobless benefits dropped by 81,000 in the week ended March 3 to 3.34 million. The continuing claims figure does not include the number of workers receiving extended benefits under federal programs.
Those who’ve used up their traditional benefits and are now collecting emergency and extended payments decreased by about 73,900 to 3.33 million in the week ended Feb. 25.
Republicans are no doubt celebrating with the rest of us, given their commitment to the greater good.
Also, pigs, wings.