US jobless claims are at 3-year low

The number of U.S. workers filing for state unemployment benefits fell to a three-year low last week, the Labor Department said Thursday. The four-week average of initial claims dropped by 2,000 to 344,000, the lowest since the week of Jan. 27, 2001, President Bush's first week in office. The number of claims in the week ending March 13 fell 6,000 to 336,000, the lowest since the week of Jan. 13, 2001.