The number of people who applied for new unemployment benefits totaled fewer than 300,000 for the 10th straight week, reflecting the low level of layoffs in the U.S. as the economy continues to strengthen.
Initial jobless claims fell by 2,000 to a seasonally adjusted 291,000 in the week ended Nov. 15, the Labor Department said Thursday. Claims from two weeks ago were revised up to 293,000 from 290,000.
The number of people already getting beneifts, meanwhile, fell to a 14-year low.
Chosen excerpts by Job Market Monitor. Read the whole story at Jobless claims stay below 300,000 as layoffs remain low – MarketWatch.