Applications For Unemployment Benefits Drop To 4-Year Low

unemployment applications jobless claims
unemployment applications jobless claims

By Christopher S. Rugaber

WASHINGTON -- The number of people seeking unemployment benefits fell to the lowest point in almost four years last week, the latest signal that the job market is steadily improving.

The Labor Department says weekly applications for unemployment benefits dropped 13,000 to a seasonally adjusted 348,000. It was the fourth drop in five weeks and the fewest number of claims since March 2008.