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U.S. Jobless Rate Falls to Five-Year Low


Reuters reported some good news on Thursday, revealing that the number of Americans filing new claims for jobless benefits fell more than expected last week.

Going hand-in-hand with that news, job growth in the services sector hit a six-month high in March, which, as the news source reports, “underscores the economy’s solid fundamentals.”

“The good news is that claims and the services sector data suggest the economy has gained some momentum heading into the second quarter,” Ryan Sweet, a senior economist at Moody’s Analytics in West Chester, Pennsylvania, confirmed.

Image via flickr/photologue_np

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