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Jobless claims fall to 15-year low

Fewer Americans than forecast filed applications for unemployment benefits last week, pushing the average over the past month to the lowest level in 15 years and underscoring labor-market strength.

By Nina Glinski, Michelle Jamrisko | Updated on May 14, 2015
(AP Photo/M. Spencer Green)

(Bloomberg) — Fewer Americans than forecast filed applications for unemployment benefits last week, pushing the average over the past month to the lowest level in 15 years and underscoring labor-market strength.

Jobless claims decreased by 1,000 to 264,000 in the seven days ended May 9, a Labor Department report showed Thursday in Washington. The median forecast of 53 economists surveyed by Bloomberg projected 273,000. The four-week average, a less- volatile measure, was the lowest since April 2000.

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