US unemployment benefit applications dip to 339K

By Associated Press, Christopher Rugaber

Published November 14, 2013 5:00am ET

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US unemployment benefit applications dip to 339K — People talk to a FirstService representative at a job fair in Miami Lakes, Fla., on Oct. 31. According to the Department of Labor, the number of people applying for unemployment benefits slipped 2,000 last week. (AP Photo/Alan Diaz, File) | Alan Diaz

WASHINGTON — The number of people applying for U.S. unemployment benefits slipped 2,000 last week to a seasonally adjusted 339,000, the fifth straight decline that shows businesses see little need to cut jobs.

The Labor Department said Thursday that the less volatile four-week average fell 5,750 to 344,000. The average has dropped 11 percent in the past year.

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