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The number of Americans applying for unemployment benefits remained at historically low levels last week, as layoffs remain subdued.
Initial jobless claims edged higher by 9,000 to 197,000 for the week ending July 25, according to data released by the Department of Labor on July 30.
Last week’s figure—revised slightly higher to 188,000—was the lowest since early 1969.
The four-week average, which strips out week-to-week volatility, fell to a more than two-month low of 202,750.
Although hiring momentum has stalled in recent weeks, employment conditions remain in the oft-described “low fire, low hire” state.
Job growth softened in June, as the economy added just 57,000 jobs, well below the three-month average of 164,000….
Initial jobless claims edged higher by 9,000 to 197,000 for the week ending July 25, according to data released by the Department of Labor on July 30.
Last week’s figure—revised slightly higher to 188,000—was the lowest since early 1969.
The four-week average, which strips out week-to-week volatility, fell to a more than two-month low of 202,750.
Although hiring momentum has stalled in recent weeks, employment conditions remain in the oft-described “low fire, low hire” state.
Job growth softened in June, as the economy added just 57,000 jobs, well below the three-month average of 164,000….
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