Confidence Builds as U.S. Jobless Claims Drop to a Four Year Low

The U.S. saw jobless claims drop last week to a level matching a four year low set in March 2008, Bloomberg reports. Economists and experts believe that the decline indicates the U.S. economy is on an ever firmer recovery.The New York Federal Reserve gave indication that the industries in the area had improved economically and were hiring more while firing less. Average workweeks in the state doubled as well. Similar performance could be seen elsewhere in the Northeast.New applications were projected to be down to 350,000, a drop from 365,000 the previous week. The jobless decrease is accompanied by a three week trend of job growth of over 200,000 jobs a week.

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