U.S. Jobless Claims Fall to 166,000, Lowest Degree Since 1968

By Gabriel T. Rubin

New functions for U.S. unemployment advantages fell final week to a close to 54-year low as employers held onto staff in a decent labor market.

Preliminary jobless claims, a proxy for layoffs, fell to 166,000 through the week ended April 2, in contrast with a revised 171,000 the prior week, the Labor Division mentioned Thursday. Economists…

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