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U.S. jobless claims drop to 5-year low of 330,000

By The Associated Press

This article was originally published January 24, 2013 at 7:50 a.m. Updated January 24, 2013 at 7:54 a.m.

— The number of Americans seeking unemployment aid fell last week to the lowest level in five years, evidence that employers are cutting fewer jobs and may step up hiring.

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 tomorrow's Arkansas Democrat-Gazette for full details.

Comments on: U.S. jobless claims drop to 5-year low of 330,000

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Displaying 1 - 3 of 3 total comments

Populist says... January 24, 2013 at 8:12 a.m.

More good news for the country. More bad news for the Republicans.

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djigoo says... January 24, 2013 at 1:16 p.m.

Bush Recession, Obama Recovery.

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DontDrinkDatKoolAid says... January 24, 2013 at 4:19 p.m.

The devil is in the details, so read tomorrow's Arkansas Democrat-Gazette for the full details hopefully.

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