Jobless claims tumbled to a nearly three-year low last week and signs grew that companies have squeezed every drop of toil out of their workers, offering hope that the pace of hiring will soon improve.
The government said Thursday applications for unemployment benefits fell by 20,000 to a seasonally adjusted 368,000. It was the third decline in the last four weeks. Applications are now at their lowest level since late May 2008.
http://www.msnbc.msn.com/id/41885150/ns/business-stocks_and_economy/
