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Fewer Americans applied for unemployment benefits last week, as the labor market continues along at a brisk pace, new government data show.
Initial jobless claims declined by 2,000 to 215,000 for the week ending July 4, according to the Department of Labor. This is the lowest level since late May.
This came in below economists’ expectations of 218,000. The previous week’s reading was revised slightly up to 217,000.
Unemployment claims have been edging higher over the past two months, which economists attribute to non-teaching staff in various states applying for jobless benefits during the summer holiday.
The latest claims data, meanwhile, come one week after the Bureau of Labor Statistics reported that hiring momentum over the past few months had stalled….
Initial jobless claims declined by 2,000 to 215,000 for the week ending July 4, according to the Department of Labor. This is the lowest level since late May.
This came in below economists’ expectations of 218,000. The previous week’s reading was revised slightly up to 217,000.
Unemployment claims have been edging higher over the past two months, which economists attribute to non-teaching staff in various states applying for jobless benefits during the summer holiday.
The latest claims data, meanwhile, come one week after the Bureau of Labor Statistics reported that hiring momentum over the past few months had stalled….
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