WASHINGTON — Fewer Americans signed up for unemployment benefits last week, the second straight week that claims have declined.
THE NUMBERS: The Labor Department said Thursday that weekly claims for jobless benefits dropped by 4,000 last week to a seasonally adjusted 254,000, the lowest level in three weeks. The less-volatile four-week average rose by 5,250 to 257,750. Overall, 2.02 million Americans are collecting unemployment checks, down 10.1
THE TAKEAWAY: Claims have come in below 300,000 for 93 straight weeks, the longest such streak since 1970 when the population and
The continued low number for benefit applications suggest that employers are confident enough in the economy to hang onto their workers.
KEY DRIVERS: The job market is robust. The economy generated a solid 178,000 jobs in November. Overall growth, as measured by the gross domestic product, expanded at a solid 3.2