(CN) - The number of Americans seeking unemployment benefits fell to a four-decade low last week, dropping to a level not seen since Nov. 1973.
Weekly applications for unemployment benefits dropped to a seasonally-adjusted 247,000, the Labor Department announced Thursday.
The four-week average dropped 4,500 to 260,500.
The total number of people now receiving unemployment benefits is now 2.14 million.
Categories / Uncategorized
Subscribe to Closing Arguments
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.