Ongoing Unemployment Drops to Lowest Level Since December 1973

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    Jobless claims unexpectedly fell last week, according to data from the Labor Department Thursday.

    New filings for unemployment benefits fell by 4,000 to 218,000. Economists had expected a rise to 225,000.

    The four-week moving average of claims, considered a better indicator of job market strength because it evens out week-to-week volatility, also fell.

    View the original article: http://feedproxy.google.com/~r/breitbart/~3/LlDHEg1XwkE/

    Continuing claims for state unemployment benefits dropped to 1.7 million, the lowest since December 1973.

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