People Applying For Unemployment Benefits Near Historical Lows

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Good news on the job front today as fewer people are applying for unemployment benefits.
 
The number of Americans seeking unemployment benefits dropped last week and remains near historical lows not seen since 1973.
 
The four-week average for people submitting applications for jobless benefits fell by 1,500 to 265,000. 
 
The relatively low figure indicated a healthy job market as companies hold onto their workers.
 
Some analysts have been forecasting sluggish or slowing growth. 
 
But the relatively low numbers of people applying for jobless benefits is seen as a sign that companies see any slowdown as short-lived.
 
Hiring also remained solid last month, with employers adding 215,000 jobs in March.
 
The total number of people collecting benefits has fallen nearly 5 percent to 2.17 million.    
 

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