Fewer Americans applied for jobless aid last week as layoffs remain low despite economic headwinds that are creating uncertainty for businesses.
U.S. applications for unemployment benefits in the week ending June 20 fell by 12,000 to 215,000, the Labor Department reported Thursday. That’s fewer than the 225,000 new applications forecast by analysts surveyed by the data firm FactSet.
Weekly filings for unemployment benefits are considered representative of U.S. layoffs and are close to a real-time indicator of the health of the job market.
The four-week moving average of jobless claims, which evens out some of the weekly volatility, rose by 750 to 224,250.
The total number of Americans filing for unemployment benefits for the previous week ending June 13 increased by 21,000 to 1.82 million.
