The number of people seeking U.S. unemployment aid fell to a four-year low last week, bolstering the view that the job market is strengthening.
By Christopher S. Rugaber|March 22, 2012 at 07:03 AM
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WASHINGTON (AP) — The number of people seeking U.S. unemployment aid fell to a four-year low last week, bolstering the view that the job market is strengthening.
The Labor Department said Thursday that weekly applications dropped 5,000 to a seasonally adjusted 348,000. That’s the lowest level since March 2008, just months into the Great Recession. The four-week average of applications, a less volatile measure, dipped to 355,000, matching a four-year low.
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