A job seeker walks past a sign at a veterans' job fair in Burbank, Los Angeles, California.
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The number of Americans filing new claims for unemployment benefits held near a 15-year low last week in a sign that the labor market was strengthening despite moderate economic growth.Claims for the prior week were unrevised at 262,000, which was the lowest reading since April 2000 .The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, hit its lowest level since May 2000 .Claims, which remained below the key 300,000 threshold for a ninth straight week, are one of the timely indicators of the health of the U.S. economy. However, the low trend in claims provides optimism that nonfarm payrolls rebounded in April, despite a report Wednesday showing that private employers last month hired the fewest workers in more than a year.
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