• Facebook
  • Twitter
  • RSS
27°
Friday December 19, 2014
View complete forecast
News-Sentinel.com Your Town. Your Voice.
Local Business Search
Stock Summary
Dow17778.15421.28
Nasdaq4748.40104.08
S&P 5002061.2348.34
AEP59.981.16
Comcast56.290.955
GE25.140.71
ITT Exelis17.440.48
LNC57.561.97
Navistar32.211.87
Raytheon106.013.36
SDI19.54-0.535
Verizon47.050.61

US jobless claims fall to 339K, fewest in 4 years

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press
Thursday, October 11, 2012 - 11:28 am

WASHINGTON – The number of Americans seeking unemployment aid plummeted last week to seasonally adjusted 339,000, the lowest level in more than four years. The sharp drop, if sustained, could signal a stronger job market.

The Labor Department said Thursday that weekly applications fell by 30,000 to the fewest since February 2008. The four-week average, a less volatile measure, dropped by 11,500 to 364,000, a six-month low.

The positive figures follow a report last week that said the unemployment rate fell in September to 7.8 percent. It was the first time since January 2009 that the rate dropped below 8 percent.