The number of people seeking unemployment aid fell to nearly a four-year low last week, an encouraging sign of continued improvement in the job market.
The Labor Department says weekly applications for unemployment benefits fell 15,000 to a seasonally adjusted 358,000. That's the second-lowest level since April 2008.
The four-week average, a less volatile measure, fell to 366,250, the lowest since late April 2008.
The figures come a week after the government reported that employers added 243,000 net jobs last month. That pushed the unemployment rate down to 8.3 percent, the lowest in nearly three years.
When applications fall consistently below 375,000, it usually signals that hiring is strong enough to lower the unemployment rate.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus