WASHINGTON (AP) — The number of people applying for U.S. unemployment benefits fell last week for the first time in five weeks. But the drop suggests only modest job growth after three months of weak hiring.
The Labor Department said Thursday that applications for weekly benefits dropped by 12,000 to a seasonally adjusted 377,000. That's down from an upwardly revised 389,000 the previous week.
The four-week average, a less volatile measure, rose by 1,750 to 377,500, the highest level in a month.
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