AP News

News Summary: Weekly US unemployment claims dip

APPLICATIONS FALL: The number of Americans seeking unemployment benefits fell by 3,000 last week to a seasonally adjusted 382,000, the Labor Department said.

UPWARD TREND: The four-week average, a less volatile measure, rose for the fifth straight week to 377,750. That's the highest level in nearly three months.

OUTLOOK: When applications consistently fall below 375,000, it typically suggests hiring is strong enough to lower the unemployment rate. The upward trend suggests hiring remains weak.

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