Unemployment claims fall to five-year low

Applications for jobless benefits fell by 5,000 for the week ending January19, bringing the total to 330,000, down from last week’s revised figure of 335,000, the Labor Department announced on Thursday.

That’s the lowest unemployment aid has been since Jan. 2008.

The four-week moving average, a “less volatile” figure, decreased by 8,250, bringing the total to 351,750, up from last week’s revised average of 360,000.

“The advance seasonally adjusted insured unemployment rate was 2.5 percent for the week ending January 12, unchanged from the prior week’s unrevised rate,” the report reads.

The Blaze