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U.S. unemployment-aid applications decline to 366,000

By The Associated Press

This article was published February 7, 2013 at 9:32 a.m.

— Fewer Americans sought unemployment benefits last week, indicating companies continue to hire at a modest but steady pace.

The Labor Department said Thursday that weekly applications for unemployment benefits fell 5,000 to a seasonally adjusted 366,000.

The four-week average, a less volatile measure, dropped to 350,500, the lowest in nearly five years. The average is low because of seasonal factors, which reduced applications sharply last month.

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DontDrinkDatKoolAid says... February 8, 2013 at 2:58 a.m.

And the GDP is?

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