Fewer Americans filed for unemployment benefits last week, but applications remained at recently elevated, though not troubling levels.
FILE - A hiring sign is displayed at a restaurant in Mount Prospect, Ill., Feb. 1, 2024. On Thursday, July 25, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week.
The four-week average of claims, which evens out some of the week-to-week volatility, rose by 250 to 235,250. Continuing claims have been on the rise in recent months, suggesting that some Americans receiving unemployment benefits are finding it more challenging to land jobs.
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