Weekly job­less-aid claims down 15,000

Northwest Arkansas Democrat-Gazette - - BUSINESS & FARM - — Bloomberg News

Fil­ings for U.S. un­em­ploy­ment ben­e­fits last week fell to the low­est level since early May, re­flect­ing grow­ing de­mand for work­ers in a tight job mar­ket, La­bor De­part­ment fig­ures showed Thurs­day.

Un­em­ploy­ment claims fell by 15,000 to 233,000 (the fore­cast was 245,000) last week while con­tin­u­ing claims in­creased by 28,000 to 1.98 mil­lion in the week that ended July 8.

The four-week av­er­age of ini­tial claims, a less-volatile mea­sure than the weekly fig­ure, fell to 243,800 from 246,000 in the prior week.

Fil­ings fell close to the low­est level since 1973, which shows that em­ploy­ers in the U.S. are hes­i­tant to fire work­ers as find­ing qual­i­fied ap­pli­cants be­comes in­creas­ingly dif­fi­cult. An­a­lysts may pay par­tic­u­lar at­ten­tion to Thurs­day’s re­port be­cause it cov­ers the same week when the La­bor De­part­ment con­ducts sur­veys for its monthly em­ploy­ment re­port, which is due out on Aug. 4.

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