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Jobless Claims Fall to Lowest Numbers in Four Years

Financial News Network
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March 30, 2012 AT 3:21 AM
Jobless claims have dropped again to a fresh four year low, the LA Times reports. The new numbers, released on Thursday, are another sign of continued economic and jobs recovery.This week's figure falls 5,000 under last week's jobless claims, which were upwardly revised to 368,500. The four week moving average also dropped 3,500 from the last week's average.Jobs have been added at a rate of 200,000 per month for the last three months, a sign that the economy is steadily and strongly recovering. Employers are demonstrating a new confidence in the economic status quo.The Commerce Department has said that the gross domestic product expanded 3% in the last quarter of last year.