WASHINGTON (AP) — The number of Americans seeking unemployment benefits dropped 10,000 last week to a seasonally adjusted 316,000, a sign that workers are in less danger of being laid off.
The less volatile four-week average fell 7,500 to 331,750, the Labor Department said Wednesday. Both the first-time weekly jobless claims and the average have returned to pre-recession levels.
Unemployment benefit applications are a proxy for layoffs. They have fallen in six of the past seven weeks.
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