Unemployment benefit claims hit 15-year low

Unemployment benefit claims in the last month hit a 15-year low
(Image credit: Spencer Green/AP)

In the four-week period ending May 16, the average number of jobless claims decreased to 266,250, a 15-year low, according to a Labor Department report released Thursday.

Bloomberg notes that the decrease in the average number of Americans who filed for unemployment benefits is "a sign the labor market continues to strengthen." The four-week claim average was the lowest since April 15, 2000.

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Meghan DeMaria

Meghan DeMaria is a staff writer at TheWeek.com. She has previously worked for USA Today and Marie Claire.