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Unemployment Benefits
Initial unemployment claims over past month at lowest level since 2007
Initial unemployment claims over past month at lowest level since 2007

Despite a modest increase last week in initial claims for unemployment benefits, the average during the past month was the lowest since 2007 in a positive sign ahead of Friday's jobs report. First-time jobless claims rose to 312,000 in the week ended Saturday, up 8,000 from the previous week, the Labor Department said Thursday. The figure was slightly above the consensus estimate from economists of 310,000 claims. But the less-volatile four-week average dropped to 310,250, its lowest level since June 2007. Claims were running about 600,000 a week at the depths of the Great Recession in early 2009. The overall number of people receiving benefits also is falling. For the week...

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