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Jobless claims hit seven-year low

The fewest number of Americans since before the last recession filed applications for unemployment benefits last week, pointing to more progress in the labor market.

By Victoria Stilwell | Updated on April 10, 2014
Job seekers attend a marijuana industry job fair hosted by Open Vape, a vaporizer company, in Downtown Denver on March 13. (AP Photo/Brennan Linsley)

April 10 (Bloomberg) — The fewest number of Americans since before the last recession filed applications for unemployment benefits last week, pointing to more progress in the labor market.

Jobless claims decreased by 32,000 to 300,000 in the week ended April 5, the lowest since May 2007, a Labor Department report showed today in Washington. The figure was lower than the most optimistic forecast in a Bloomberg survey of 52 economists. The median estimate called for 320,000 claims.

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