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Jobless aid applications fall to 5-year low

Economist believes hiring is improving

10:51 PM, Jan. 17, 2013
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The number of Americans seeking unemployment aid plummeted to a five-year low last week. But much of the decline reflects seasonal volatility in the data.

Weekly unemployment benefit applications fell 37,000 to a seasonally adjusted 335,000, the Labor Department said Thursday. That's the lowest level since January 2008, just after the recession began.

The four-week average, a less volatile measure, fell to 359,250. ...

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If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports