Fri, 23 Mar 2012 06:57:21 GMT
US unemployment claims drop to 4-year low
The number of applications for jobless benefits reached the lowest reading since 2006, Labor Department said on Thursday. The unemployment claims fell by 5000 to 348 000 last week. Economists earlier predicted jobless claims to stay at previous level at 353 000. Another report said the measure of leading indicators climbed in February, attaining 11 month record high.