[link|http://story.news.yahoo.com/news?tmpl=story&u=/nm/20020214/ts_nm/economy_jobless_dc_4&cid=578|Jobless claims fall]
The four-week moving average, considered a more reliable measure of employment conditions because it irons out weekly fluctuations, fell to 376,000 from 381,500. That was its lowest level since 372,000 in the week ending Aug. 11 of last year, and marked the fourth straight weekly decline.
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Many more Americans lost their jobs in the fourth quarter of 2001 than in the same period a year earlier, a government report showed on Wednesday, as the Sept. 11 attacks had a considerable negative effect on the nation's already shaky labor market.
However, a number of signs have emerged that the economy may be throwing off the shackles of recession. On Wednesday, many economists raised their forecasts for first quarter U.S. economic growth after the government reported U.S. consumers spent more than expected in January. Retail sales excluding automobiles surged 1.2 percent, the strongest gain in nearly two years.