U.S. initial jobless claims fall to 202,000 at end of March
The numbers: The number of people who applied for unemployment benefits at the end of March fell to the lowest level since December 1969, a reassuring sign for the economy amid a bounty of other evidence showing slower growth early in the new year.
What happened: Jobless claims have fallen three weeks in a row and are sharply lower compared to recent high of 244,000 in late January. The number of people already collecting unemployment benefits, known as continuing claims, slipped by 38,000 to 1.72 million. The last time the figure was that low was in mid-January.
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