NEW YORK (CNNMoney)
-- "In another sign that the job market is slowly recovering, the number of Americans filing first-time claims for unemployment benefits fell last week. There were 391,000 initial jobless claims filed in the week ended Feb. 19, according to the Labor Department said Thursday. That was down 22,000 from the week before, and better than the 410,000 claims economists surveyed by Briefing.com had expected. The 4-week moving average fell to 402,000 from 418,500 the previous week."
MP: The four-week moving average of 402,000 jobless claims is the lowest since July 2008, more than two and-a-half years ago (see chart above).