Weekly Unemployment Claims Drop To 352,000, Fewest Since 2008

AP
weekly unemployment claims drop
weekly unemployment claims drop

By Christopher S. Rugaber

WASHINGTON -- The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening.

Weekly applications fell 50,000, the biggest drop in the seasonally adjusted figure in more than six years, the Labor Department said Thursday. The four-week average, which smooths out fluctuations, dropped to 379,000. That's the second-lowest such figure in more than three years.