Initial unemployment claims in U.S. hold near 4-year low

03/2/2012 | Reuters

First-time jobless claims edged down after fluctuating near a four-year low for several weeks. The Labor Department said last week that initial claims declined 2,000 in the week ended Feb. 24, to a seasonally adjusted 351,000. The four-week rolling average dropped 5,500, to 354,000, the fewest since March 2008.

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