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Jobless Claims Drop 15,000

372,000 total in latest week is lowest in more than three years.

By Alex Kowalski, Bloomberg News | Updated on January 05, 2012

Fewer Americans filed claims for unemployment insurance payments last week, showing the labor market is starting 2012 on better footing than a year earlier.

Applications for jobless benefits decreased 15,000 in the week ended Dec. 31 to 372,000, Labor Department figures showed today. The median estimate of 38 economists in a Bloomberg News survey forecast 375,000 claims. The average over the past four weeks declined to the lowest level in more than three years.

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