Fewer Americans applied for unemployment benefits last week with the labor market continuing to cruise along despite higher interest rates intended to cool hiring.
U.S. applications for jobless claims fell by 9,000 to 228,000 for the week ending July 15, from 237,000 previous week, the Labor Department reported Thursday.
The four-week moving average of claims, which evens out some of the weekly volatility, fell by 9,250 to 237,500.
Trading is mixed before the opening bell with more corporate earnings reports incoming and new data on jobs in the U.S. and housing.
The Teamsters said Wednesday they will resume contract negotiations with UPS next week, marking an end to a stalemate that began two weeks ago when both sides walked away from talks while blaming each other.
Dollar General violated federal labor law and “clearly intended to interfere” with worker rights in efforts to quell unionization at a Connecticut store, a National Labor Relations Board judge said Monday.
The number of Americans applying for jobless benefits fell again last week as the labor market continues defy the Federal Reserve’s attempt to cool it by raising interest rates.
Jobless claim applications are viewed as reflective of the number of layoffs in a given week.
Overall, 1.75 million people were collecting unemployment benefits the week that ended July 8, about 33,000 more than the previous week.
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