U.S. Jobless Claims Hit Lowest Level in Nearly Four Years

The decline in claims was much better than the 365,000 new filings analysts had expected.

New claims for U.S. unemployment benefits fell last week to their lowest level since March 2008, official data showed Thursday in a fresh sign of improvement in the troubled job market.

Initial jobless claims fell to 348,000 in the week ending Feb. 11, down 3.6% from the prior week, the Labor Department reported.

The decline in claims was much better than the 365,000 new filings analysts had expected.

Copyright Agence France-Presse, 2012

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