US jobless benefits claims swing low at April's end quoting : "Washington Examiner"

Economists calculate that jobless claims below the 300,000 mark signal continued net job growth. Low jobless claims are a good sign, because they indicate that layoffs are infrequent. New applications for unemployment benefits plunged to 238,000 in the last week of April, the Department of Labor reported Thursday, well below the 246,000 expected by forecasters. Thursday's report will reassure investors and government officials about last week's jump in claims up to 257,000. In part because of the recent low jobless claim numbers, economists have relatively high expectations for the April jobs report, set for publication Friday.


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Economists calculate that jobless claims below the 300,000 mark signal continued net job growth. Low jobless claims are a good sign, because they indicate that layoffs are infrequent. New applications for unemployment benefits plunged to 238,000 in the last week of April, the Department of Labor reported Thursday, well below the 246,000 expected by forecasters. Thursday's report will reassure investors and government officials about last week's jump in claims up to 257,000. In part because of the recent low jobless claim numbers, economists have relatively high expectations for the April jobs report, set for publication Friday.


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