(WASHINGTON EXAMINER) The number of workers filing unemployment claims fell to the lowest level in 14 years Thursday, in the latest sign that the U.S. labor market is gathering strength.
The Department of Labor reported Thursday that just 264,000 workers filed claims for unemployment benefits in the week ending October 11, fewer than the 290,000 Wall Street expected and down from 287,000 the week before. It was the lowest reading since 2000.
The four-week average of unemployment claims fell from 288,000 to 248,0000, also the lowest level since 2000.
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