Jobless Claims Fall To Lowest In 4 Years

Weekly jobless claims fell to a four-year low last week, signaling greater strength in the labor market, Reuters reports:

The Labor Department said initial claims for state unemployment benefits dropped 50,000 to 352,000, the lowest level since April 2008 and the biggest drop since September 2005. The prior claims data was revised up to 402,000 from the previously reported 399,000.