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Claims for unemployment benefits declined by 18,000, reaching their lowest level since the beginning of May
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Unemployment benefit claims in the United States fall to 2-month lows
Plus_horiz Economists predicted that orders would fall to 225,000 in the last week (Oli Scarff / Reuters) Washington – The number of Americans who filed for unemployment benefits dropped more than expected last week, reaching a two-month hollowness as a sign that labor market conditions remained strong at the beginning of July. The first claims for unemployment benefits declined from 18,000 to 214,000 in seasonally adjusted data for the week ended July 7, the lowest level since early May, the Labor Department said Thursday. Data from the previous week have been revised to show a thousand requests received more than the previous report
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Economists surveyed by Reuters predict that demand would drop to 225,000 last week
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