As 13M remain out of work, unemployment apps drop to a 4-year low

WASHINGTON (AP) — The number of people seeking unemployment benefits fell to the lowest point in almost four years last week, the latest signal that the job market could be improving.

Still, the job market has a long way to go before it fully recovers from the damage of the Great Recession. Nearly 13 million people remain unemployed. And 8.3 percent unemployment is still painfully high.

One reason the unemployment rate has fallen for five straight months is that many people have stopped looking for work. The government counts people as unemployed only if they are actively looking for a job.

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