News-Sentinel.com Your Town. Your Voice.
Local Business Search
Stock Summary
Dow18126.12-36.87
Nasdaq5097.98-8.62
S&P 5002120.79-2.69
AEP56.100.04
Comcast59.03-0.31
GE27.630.11
Exelis24.66-0.16
LNC57.70-0.1
Navistar27.450.04
Raytheon104.44-0.7
SDI21.71-0.18
Verizon49.54-0.03

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 This material may not be published, broadcast, rewritten or redistributed.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