Still improving slowly:
Initial jobless claims fell 5,000 in the week ended March 24 to 359,000, the lowest since April 2008, the Labor Department reported today in Washington. The median forecast of economists in a Bloomberg News survey called for 350,000 claims. With the report, the government data also contain revisions dating back to 2007.
The four-week moving average, a less-volatile measure than the weekly figures, fell to 365,000 last week from 368,500.
The number of people continuing to receive jobless benefits dropped by 41,000 in the week ended March 17 to 3.34 million.