Jobless claims fell another 5,000 last week to 348,000, the lowest level since February 2008, the Labor Department announced Thursday. The four-week moving average, a less volatile number that flattens out week-to-week fluctuations in the data, was 355,000, a decrease of 1,250 from the previous week. First-time claims for unemployment have mostly remained below 400,000 since November. Analysts say that jobless claims between 350,000 and 375,000 indicate that hiring is picking up at a pace to lower the unemployment rate, which is currently at 8.3 percent. The number of Americans filing for continuing unemployment claims during the week ending March 10 was 3,352,000, a decrease of 9,000. 3,343,000. The total number of people claiming benefits in all programs for the week ending March 3 was 7,277,092, a decrease of 142,499 from the previous week.. States reported 2,851,483 persons claiming emergency unemployment benefits for the week ending March 3, a decrease of 24,312 from the prior week. The largest increases in initial jobless claims for the week ending March 10 were in Alabama, Kentucky, North Carolina, Puerto Rico, and Tennessee. The largest decreases were in California, Florida, Illinois, and Pennsylvania.