Unemployment claims continue to drop


ASSOCIATED PRESS: The number trends indicate strong job security ahead of the holidays.

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ASSOCIATED PRESS: The number trends indicate strong job security ahead of the holidays.

Over the past 12 months, the four-week average has plunged 10 percent.

Weekly applications have been under 300,000 for 12 of the past 13 weeks, a historically low level indicating that employers foresee continued economic growth. Still, analysts noted that the number of people collecting benefits jumped 142,000 in the last week of November to 2.51 million, the largest weekly increase in two years.

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