By , Joseph Lawler
Published December 20, 2015
Applications for unemployment benefits held steady at 276,000 in the first week of November, the Labor Department reported Thursday, advancing the trend toward decades-low claims.
The four-week moving average for first-time claims rose for a second straight week, by 5,000 to 267,750. Despite that increase, however, the average is still at a level not seen before this fall since the early 1970s.
Private-sector economists polled by Bloomberg had expected around 266,000 first-time claims, which are adjusted for seasonal fluctuations.
Officials and investors view low levels of jobless claims as a sign that layoffs are also infrequent.
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https://www.foxnews.com/politics/unemployment-benefit-applications-hover-at-276000-suggesting-few-layoffs