Jobless Claims Hit Four-Year Low

    HOLLYWOOD, FL - OCTOBER 05:  Carline Soyant uses a computer at the Workforce One South Employment Solutions center to look for job opportunities in the health care field on October 5, 2012 in Hollywood, Florida. The Labor Department announced today that the United States economy had gained 114,000 jobs in September and the jobless rate fell from 8.1% to 7.8%, which is the first time it's been below 8% since 2009. (Photo by Joe Raedle/Getty Images)

    Joe Raedle / Getty Images

    Good news from the Labor Department: the number of people seeking first-time unemployment fell this week, hitting a four-year low, according to figures reported on Thursday. There were 339,000 new jobless claims last week, a 30,000 decrease from last week’s figure of 369,000. It brought down the four-week moving average to 364,000, a decrease of 11,500 from the previous average. The claims figure is the lowest since February 2008 and undershot economists’ expectations of 370,000—and also represents a 63,000 drop in initial jobless claims from one year ago.

    Read it at Labor Department