WASHINGTON (AP) — New claims for unemployment benefits dipped for the fourth straight week, a sign the job market is improving at a slow but steady pace.
Employers are hiring again. But they are not doing it at the level needed to reduce the jobless rate.
The Labor Department said Thursday that initial claims dropped last week by 4,000 to a seasonally adjusted 444,000. That's slightly above analysts' estimates, according to Thomson Reuters. The previous week's total was revised up to 448,000.