Weekly Jobless Claims Tumble to Near 7-Year Low

Economy Jobs
Brennan Linsley/AP

By Lucia Mutikani

WASHINGTON -- The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in almost seven years, which could bolster views of an acceleration in job growth after a cold winter dampened hiring.

Initial claims for state unemployment benefits dropped 32,000 to a seasonally adjusted 300,000 for the week ended April 5, the lowest level since May 2007, the Labor Department said Thursday.