US first-time claims for unemployment benefits dipped to 166,000 in the week ended April 2nd, according to a report released by the Labor Department on Thursday, a decrease of 5,000 from the previous weeks revised level of 171,000. The Labor Department said the less volatile four-week moving average also slipped to 170,000, a decrease of 8,000 from the previous weeks revised average of 178,000.
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