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Weekly Jobless Claims Drop To Near 7-Year Low

There were 300,000 first-time claims for unemployment benefits filed last week, the fewest since mid-May 2007, .

Claims were down 32,000 from the week before, the agency adds.

the news "could bolster views of an acceleration in job growth after a cold winter dampened hiring."

if this means fewer people are being laid off, that could "help pave the way for a pickup in hiring as demand recovers from harsh winter weather, providing a bigger boost to the economy."

The data follow last week's modestly positive report about job growth. there were 192,000 jobs added to public and private payrolls in March and revised upward its estimate of job growth in February.

May 2007 was seven months before the economy slipped into its last recession. That downturn , but job growth has remained relatively sluggish for much of the time since then.

Copyright 2020 NPR. To see more, visit https://www.npr.org.

Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.