Thursday, October 11, 2012
Claims for unemployment benefits at lowest point since early 2008
Claims for unemployment benefits plunge 30,000
The number of Americans seeking unemployment aid plummeted to 339,000 last week, the lowest level in more than four years.
The sharp drop, a shocker to analysts and investors, offered a hopeful sign that the job market could be picking up.
The Labor Department says weekly applications fell by 30,000 to the lowest level since February 2008.
Simon Owens is an assistant managing editor at U.S. News & World Report. Follow him on Twitter, Facebook, or Google+. Email him at email@example.com