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The number of people seeking U.S. unemployment benefits dropped last week to the lowest level in four years, adding to evidence that the job market is strengthening.
Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve's existing policies will help boost economic growth.
New claims for unemployment benefits dropped to a fresh four-year low last week, according to a government report on Thursday that offered evidence the jobs market recovery was gaining traction.
The number of people seeking unemployment benefits fell slightly last week to the lowest point in four years, a further sign that the U.S. job market is improving.
The number of people seeking unemployment benefits fell to the lowest point in almost four years last week, the latest signal that the job market is steadily improving.
The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening.
The outlook for the job market is looking brighter. Far fewer people are seeking unemployment benefits than just three months ago - a sign that layoffs are falling sharply.