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Economic Report: Jobless claims drop 2,000 to 241,000

Reuters
The number of Americans being laid off each week is extremely low in early 2017 amid a recent pickup in hiring.

WASHINGTON (MarketWatch) — The number of Americans who applied for unemployment benefits fell by 2,000 to 241,000 in mid-March, as layoffs remained near the lowest level in decades.

Economists polled by MarketWatch has expected initial jobless claims to total 240,000 in the seven days stretching from March 5 to March 11.

Two weeks ago, new claims had fallen to the lowest level since early 1973. And they’ve come under the key 300,000 threshold for 106 straight weeks, the second longest streak since the mid-1960s.

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