Jobs
US Recurring Jobless Claims Fall to Almost Two-Year Low
Recruiters speak to a job seeker at an internship and job fair in Boone, North Carolina.
Photographer: Allison Joyce/BloombergRecurring applications for US jobless benefits fell to the lowest level in almost two years, adding to evidence of stabilization in the labor market.
Continuing claims, a proxy for the number of people receiving benefits, fell to 1.79 million in the week ended March 28, the least since May 2024 and below all estimates in a Bloomberg survey. Initial claims rose to 219,000 in the week ended April 4.