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Thu Oct 11, 2012, 10:28 AM

Jobless claims fall to four-year low

Actually, according to Maddow, it's near a 5 year low.


"Claims for unemployment benefits fell sharply last week to their lowest level in more than four years, but the drop was due mostly to a technical issue.

About 339,000 people filed for first-time unemployment benefits in the week ended October 6, down 30,000 from the previous week, the Labor Department said Thursday.

That's a dramatic drop in just one week and represents the lowest level of initial claim filings since February 2008. "

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