U.S. unemployment claims drop to 5-year low

U.S. unemployment claims drop to 5-year low

The number of Americans seeking unemployment fell to the lowest level in five years last week.

The Labor Department said Thursday that weekly unemployment benefit applications dropped 5,000 to a seasonally adjusted 330,000. That’s the fewest since January 2008.

The four-week average, a less volatile measure, fell to 351,750. That’s also the lowest in nearly five years.

Read more at The Register-Guard.

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