Weekly Jobless Claims Plummet

    NEW YORK, NY - DECEMBER 06:  Applicants register before meeting potential employers at the Diversity Job Fair on December 6, 2012 in Manhattan, New York City. Hundreds of minority job seekers turned out to look for work, a day ahead of the release of monthly national unemployment figures in Washington DC.  (Photo by John Moore/Getty Images)

    John Moore / Getty Images

    Nothing says "back to work" like ... holidays? Initial claims for unemployment benefits came in at 350,000 for last week--a 12,000 drop from the week before. This indicates a strengthening labor market and represents the lowest weekly figure since 2008. The number is down 8.9 percent from one year ago. Nineteen states sent in estimated data because the holiday affected data collection, so the figure may be revised upward next week. The four-week moving average, which helps smooth out inconsistencies in data collection was 356,750, down from last week’s figure of 368,000.

    Read it at Department of Labor