Job seeker Marshall Samuels (L) gets help from career counselor Alex Francois (R) at the Western Addition Neighborhood Access Point on April 17, 2014 in San Francisco, California. (Justin Sullivan/Getty Images/AFP)
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The number of Americans who filed unemployment benefit applications was the lowest in seven years last week, as the U.S. labor market continued to improve.Jobless claims dropped by 24,000 to 297,000 in the week that ended May 10, less than any economist projected in a Bloomberg survey and the lowest number since May 2007, figures from the Labor Department showed Thursday. The median estimate of 49 economists surveyed was 320,000 .The four-week average of claims, a less-volatile measure than the weekly figure, dropped to 323,250 from 325,250 the week before.The number of people continuing to collect benefits declined by 9,000 to 2.67 million in the week that ended May 3, the lowest figure since December 2007 .
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