Fewest Americans Since Mid-April File for Unemployment Benefits
What to Expect From June's Jobs Report
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Filings for U.S. unemployment benefits unexpectedly declined last week to the lowest level since mid-April, signaling labor market stability amid a shaky global economy.
Jobless claims dropped by 16,000 to 254,000 in the week ended July 2, a Labor Department report showed Thursday in Washington. The median forecast in a Bloomberg survey called for 269,000. Filings can be volatile around holidays, and applications were estimated for five states and Puerto Rico for the period before Independence Day.