Jobless Claims Fall to Lowest in 21 Months
From Associated Press
New claims for unemployment benefits plunged last week to their lowest level in 21 months.
The Labor Department reported that new applications for unemployment insurance fell by a seasonally adjusted 13,000 to 355,000 for the week ended Nov. 30.
The decline left claims at their lowest point since Feb. 17, 2001. It marked the third week in a row that new claims for jobless benefits went down.
The more stable four-week moving average of new claims, which smooths out week-to-week fluctuations, dropped to 376,500 last week, the lowest level since the week ended March 3, 2001.
