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Four-week average of unemployment claims lowest since 2006
Four-week average of unemployment claims lowest since 2006

Average weekly unemployment claims over the last month hit an eight-year low, the government reported, in another positive sign for the labor market recovery. The number of people filing first-time claims for unemployment benefits held roughly steady at 287,000 for the week ended Saturday, the Labor Department said Thursday. That was down 1,000 from the previous week's revised figure. Economists had expected a rise in claims to 293,000. The less volatile four-week average dropped to 287,750 last week. That was the lowest level since February 2006, the Labor Department said. The overall number of people receiving unemployment benefits also has been falling and hit a new...

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