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New applications for unemployment benefits rose 21,000 to 231,000 to begin March, the Department of Labor reported Thursday in more good news for the economy.
Forecasters had expected jobless claims to tick up, after hitting the lowest mark in nearly 49 years the previous week.
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But even with Thursday's reported increase, claims are still very low by historical levels. On a monthly average, claims are running at the second-lowest rate in 44 years.
Claims - Sign - Layoffs - Weeks - Lows
Low jobless claims are a good sign because they suggests that layoffs are rare. In recent weeks, they've been scraping historic lows, hinting that the labor market recovery still has momentum.
"The labor market could not be any better is what this rock bottom low level of unemployment claims means as companies are doing everything they can to keep the workers they have," noted Chris Rupkey, chief financial economist for...
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