Initial jobless claims in U.S. fall to a 4-year low

03/23/2012 | Reuters

The U.S. Labor Department said first-time jobless claims fell to 348,000 last week, the fewest since February 2008. The four-week rolling average -- considered a more accurate indicator of labor-market conditions -- declined 1,250, to 355,000 claims, the department said.

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