Fewer Americans Filed for Jobless Benefits Last Week

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Unemployment applications generally reflect layoffs and are often seen as an early indicator of where the job market is headed.

Applications for jobless aid for the week ending August 13 fell by 2,000 to 250,000, the Labor Department reported Thursday. Last week's number, which raised some eyebrows, was revised down by 10,000.

The four-week average for claims, which evens out some of the week-to-week volatility, fell by 2,750 to 246,750. The number of Americans collecting traditional unemployment benefits increased by 7,000 the week that ended August 6, to 1.43 million. That's the most since early April.

 

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