US jobless claims drop to lowest in almost two years
Julia Fanzeres
Recurring applications for US unemployment benefits fell to the lowest level in almost two years, indicating ongoing stability in the labour market despite fresh economic headwinds.
Continuing claims, a proxy for the number of people receiving benefits, fell by 32,000 to 1.819 million in the week ended March 14, the lowest since May 2024, according to Labour Department data released Thursday (Friday AEDT). Initial claims increased by 5000 last week, to 210,000.