Jobless Claims Fall to Four-Year Low
Initial jobless claims last week fell to a four-year low, the Labor Department said.
Claims declined 5,000 for the week ended Saturday to 359,000, Labor said.
Economists had forecast 350,000 new claims, Bloomberg reported.
The four-week moving average, a less volatile measure, fell to 365,000, from 368,500.
Continuing jobless claims for the previous week ended March 17 fell by 41,000, to 3.34 million.
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