The number of Americans seeking unemployment benefits rose slightly last week but remained at a historically low level that points to a robust job market.
A hiring sign is displayed outside of a hardware store in Buffalo Grove, Ill., Sunday, July 9, 2023. On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits last week. Applications for jobless aid rose 6,000 to 227,000 for the week ending July 29, the Labor Department said Thursday. The four-week moving average of claims, a less volatile measure, fell 5,500 to 228,250.
Economists forecast the report will show that employers added a solid 200,000 jobs last month, while the unemployment rate will be unchanged at 3.6%, near a half-century low.
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