WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits fell to a four-year low last week, suggesting employers kept hiring in March at a healthy pace.
Weekly applications dropped 6,000 to a seasonally adjusted 357,000, the Labor Department said Thursday. That's the fewest since April 2008.
The four-week average, a less volatile measure, fell to 361,750, also the lowest in four years.
Applications have been steadily declining since last fall. The four-week average fell 4 percent in the January-March quarter, after dropping 8 percent in the final three months of last year.
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