More bad news for the Obama haters.
Bottom Line - Jobless claims slip to four-year lows
"Americans filed fewer claims for unemployment benefits, pushing the level to the lowest in four years, government data showed Thursday.
The Labor Department reported that seasonally adjusted initial claims fell 2,000 to 351,000 in the week ended Feb. 25. The four-week moving average, considered a more accurate gauge of labor market conditions, dropped 5,500 to 354,000, the lowest since March 2008.
Claims have been hovering near four-year lows over the last few weeks. Economists polled by Reuters had forecast claims unchanged at 351,000 last week.
New applications for jobless benefits have declined through much of February, raising hopes for a third straight month of solid employment gains. [...]"