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The number of people seeking U.S. unemployment aid fell sharply last week as a temporary spike caused by Superstorm Sandy has faded. Weekly applications have fallen back to a level consistent with modest hiring. (AP file photo)

US unemployment aid applications drop to 370K

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WASHINGTON (AP) -- The number of people seeking U.S. unemployment aid fell sharply last week as a temporary spike caused by Superstorm Sandy has faded. Weekly applications have fallen back to a level consistent with modest hiring.

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The Labor Department said Thursday that applications dropped 25,000 last week to a seasonally adjusted 370,000.

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