First-time applications for state unemployment benefits have fallen to their lowest level in 14 years.
According to the Labor Department (DOL), claims plunged 23,000 in the week ending October 11 to a seasonally 264,000. That's is the lowest level since April 15, 2000, 259,000 claims were filed.
Economists surveyed by Briefing.com were expecting an increase to 290,000.
Sterne Agee Chief Economist Lindsey M. Piegza calls the decline a “welcomed improvement,”...