![U.S. Jobless Claims Fall](https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMjc5MzQxMy9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTc0NTI1NjM1OH0.K1TOjOAcHeoD6LK8xVdjb1sytdqA6pJUtiK1jEo-jDg/img.jpg?width=980&quality=85)
Washington (AFP) — First-time claims for U.S. unemployment benefits fell last week, adding to signs of a firming jobs market, government data showed Thursday.
Initial jobless claims, a sign of the pace of layoffs, totaled 311,000 in the week of March 22, down from 321,000 the previous week, the Labor Department said.
The four-week moving average fell by 9,500 to 317,750 claims. A year ago the average stood at 343,000 claims.
Ian Shepherdson of Pantheon Macroeconomics warned not to conclude that the recent fall in claims is a permanent shift.
“We are still cautious about calling the data evidence of a real downshift in the trend,” he said.
“Claims are volatile and it takes more than three good weeks to establish a new trend.”
In February, the U.S. unemployment rate was 6.7 percent and the economy added 175,000 jobs, picking up the pace of job growth.
AP Photo/Elise Amendola