Jobless claims in the U.S. fall to lowest level
(CNN, KYMA/KECY) - Jobless claims in the United States have fallen to the lowest level since April.
According to Labor Department data released on Thursday, the number of people applying for first-time unemployment benefits dropped to 213,000 claims.
Economists had predicted 220,000 filings.
Despite the decline in initial claims, people continuing to receive unemployment benefits hit a three-year high.
That number climbed by 36,000 and now stands at 1.9 million.
Economists attribute the slowdown in job growth to employers reigning in hiring versus conducting mass layoffs.