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Jobless Claims in U.S. Fell to Lowest Level in Four Years

Bloomberg (04/05/12) Lorraine Woellert

The number of Americans who filed requests for jobless benefits fell by 6,000 last week to 357,000, the U.S. Department of Labor reported today. The median forecast of 43 economists in a Bloomberg News survey estimated a decrease to 355,000. The four-week moving average decreased to 361,750 last week, from 366,000. “The labor market is going to continue to gradually heal, though we have a long ways to go,” says Ryan Sweet, a senior economist at Moody’s Analytics Inc. “The economy is pulling up pretty well given the headwinds we’re seeing from Europe.”