Weekly Jobless Claims Fall to 27-Month Low You On Here » Weekly Jobless Claims Fall to 27-Month Low

The Department of Labor reported today that the four-week average of initial unemployment claims fell to 431,000 for the week ending November 27, which is the lowest level since the first week of August 2008, more than two years ago (see chart above).  The number of workers continuing to receive jobless benefits fell to 4,288,500 last week on a four-week average basis, the lowest level since early December 2008.

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