Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels.
Jobless claims fell by 5,000 to 166,000 for the week ending April 2, the Labor Department reported Thursday. The previous week's number was revised down a whopping 31,000 claims. In recent weeks, claims have hovered at more than 50-year lows. First-time applications for jobless aid generally represent the pace of layoffs.
