Fewer Americans Joined The Ranks Of The Unemployed Last Week Than Economists Expected.
New applications for state unemployment benefits held near the 48-year low of last week, indicating that employers are increasingly holding on to their employees.
Initial claims for state unemployment benefits came in at a seasonally adjusted 211,000 for the week ended May 5, according to a Labor Department report released Thursday. That was unchanged from the week prior. Claims dropped to 209,000 during the week ended April 21, which was the lowest level since December 1969. – READ MORE
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