Jobless Claims Remain Down

By: Associated Press
By: Associated Press

The job market appears to be looking up. The government says the number of Americans filing new claims for jobless benefits has dropped for a third straight week.

New claims were down five-thousand to 299-thousand last week.

In addition, the total number of Americans getting benefits stands at two-point-four (m) million. That's the lowest level in six years.

All of this indicates the job market has rebounded after the troubles caused by last year's Gulf Coast hurricanes.

The Labor Department follows up tomorrow with the monthly unemployment report. Analysts expect the report to show about 200-thousand jobs added to payrolls in March.

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