• Facebook
  • Twitter
  • RSS
16°
Saturday January 31, 2015
View complete forecast
News-Sentinel.com Your Town. Your Voice.
Local Business Search
Stock Summary
Dow17164.95-251.9
Nasdaq4635.24-48.17
S&P 5001994.99-26.26
AEP62.81-0.91
Comcast53.145-0.725
GE23.89-0.19
ITT Exelis17.11-0.35
LNC49.98-1.5
Navistar29.42-0.92
Raytheon100.05-1.95
SDI17.040.105
Verizon45.71-0.4

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

Copyright 2015 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 This material may not be published, broadcast, rewritten or redistributed.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.