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Jobless claims hover near seven-year low

The number of Americans filling for unemployment insurance payments last week hovered near the lowest level in almost seven years, showing the job market is making progress.

By Victoria Stilwell | Updated on April 17, 2014
Job seekers sign in before meeting prospective employers during a career fair at a hotel in Dallas. (AP Photo/LM Otero)

April 17 (Bloomberg) — The number of Americans filling for unemployment insurance payments last week hovered near the lowest level in almost seven years, showing the job market is making progress.

Jobless claims increased by 2,000 to 304,000 in the week ended April 12 from a revised 302,000 the prior period that was the lowest since September 2007, a Labor Department report showed today in Washington. The median forecast of 47 economists surveyed by Bloomberg called for an increase to 315,000. The total number of people receiving benefits fell to the lowest since the last recession began.

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