In March of this year, unemployment benefits were at the lowest rate since December 1969, totaling 210,000, according to the US Department of Labor. Bloomberg said it was a decrease of almost 10,000 from the previous week and even below what economists had forecast. They predicted the year would have 225,000 claims. Weekly unemployment claims information gives the most real-time look at the labor market since most people file for benefits right after losing their jobs in the USA. The monthly claims of 220,500, which smooths out some of the weekly volatility, decreased by 5,000, also being the lowest since 1969. The US jobs market is remaining tight, especially for those with highly skilled training.
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