US Initial Jobless Claims Drop to 215K
The number of Americans filing new unemployment benefits fell to 215,000 last week, according to the latest data from the US Department of Labor.
The US Department of Labor reported on Thursday that initial jobless claims for the week ending July 22 dropped to 215,000. This is a decrease from the previous week's revised figure.
The lower-than-expected reading suggests continued tightness in the labor market, with fewer workers seeking unemployment insurance. The data precedes the more comprehensive monthly jobs report.
Investors watch jobless claims closely as a real-time gauge of layoffs and labor market health.
Source: FXStreet Forex News