Jobs
US Jobless Claims Dip to 237,000 as Labor Market Stays Resilient
- Level of initial claims has been steady over last four months
- Continuing claims increase for first time since early June
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US applications for unemployment benefits fell last week, suggesting companies are holding onto workers despite a moderation in job gains.
Initial claims for unemployment benefits dropped by 12,000 to 237,000 in the week ending July 8, according to a Labor Department report published Thursday. The print was below all but one estimate in a Bloomberg survey of economists.