The number of Americans claiming new unemployment benefits dropped to a four-year low last week, offering further evidence the jobs market recovery was gaining traction.
Initial claims for state unemployment benefits fell 5,000 to a seasonally adjusted 348,000, the lowest level since February 2008, the Labor Department said on Thursday. Economists polled by Reuters had forecast claims rising to 354,000 last week.
A separate report showed a gauge of future U.S. economic activity rose solidly in February, pointing to strengthening growth even as China slows. Some euro zone economies are already in recession. More at Reuters
Thursday, March 22, 2012
Unemployment Claims at Four Year Low
Posted by Olga at 11:04 AM