US unemployment claims hits 4-year low of 357K - WKOW 27: Madison, WI Breaking News, Weather and Sports

US unemployment claims hits 4-year low of 357K

WASHINGTON (WKOW) -- The number of people seeking U.S. unemployment benefits fell to a four-year low last week.

The Labor Department says weekly unemployment benefit applications dropped 6,000 to a seasonally adjusted 357,000. That's the fewest since April 2008.

The four-week average fell to 361,750, also the lowest in four years. The average has fallen nearly 13 percent in the past six months.

Experts say when unemployment benefit applications drop consistently below 375,000, it usually signals that hiring is strong enough to lower the unemployment rate.

On Friday, the government issues its March jobs report, which is expected to show the fourth straight month of strong hiring.

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