Jobless claims lower in latest week

/ Source: The Associated Press

The number of new people signing up for unemployment insurance declined last week, a sign that the nation’s job market remains in good shape.

The Labor Department reported Thursday that new claims filed for jobless benefits dipped by a seasonally adjusted 13,000 to 313,000 last week. That was a better showing than economists were anticipating. They were forecasting a smaller drop in claims to 315,000 for last week.

The labor market has stayed in good shape throughout the economy’s nearly yearlong sluggish spell. There have been recent signs, though, that the economy is picking up speed.