Labor Dept: Unemployment Claims Fall To 52-Year Low

Reuters reports:

The number of Americans filing new claims for unemployment benefits fell last week as demand for labor remained strong, positioning the economy for another month of solid job gains.

Unemployment benefit rolls were the smallest in 52 years in early March, the Labor Department’s weekly jobless claims report on Thursday also showed.

Signs of the economy’s underlying strength against the backdrop of rising inflation and geopolitical tensions were also evident in other reports showing an acceleration in manufacturing production last month and a sharp rebound in homebuilding.

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