Fewer U.S. Workers Seek Unemployment Aid As Job Market Improves

unemployment aid jobs improve
unemployment aid jobs improve

By Christopher S. Rugaber

WASHINGTON -- The number of people seeking unemployment aid fell last week, a sign that companies are cutting fewer jobs and likely stepping up hiring.

Weekly unemployment applications fell 12,000 to a seasonally adjusted 367,000, the Labor Department said Thursday. The four-week average, a less volatile measure, dropped for the third straight week to 375,750.