US weekly jobless claims fall to 214,000

Fewer Americans applied for unemployment benefits last week as layoffs continue to fall amid a strong job market rebound. Jobless claims fell by 15,000 to 214,000 for the week ending March 12, down from the previous week's 229,000, the Labor Department reported Thursday. First-time applications for jobless aid generally track the pace of layoffs.

The four-week average for claims, which compensates for weekly volatility, fell to 223,000 from the previous week's 231,750. In total, 1,419,000 Americans a 50-year low were collecting jobless aid the week that ended March 5, down 71,000 from the week before that.