The number of Americans applying for unemployment benefits fell again last week, remaining near seven-month lows.
The Labor Department reported Thursday that jobless claim applications fell by 6,000 to 213,000 for the week of Nov. 16. That’s fewer than the 220,000 analysts forecast.
The four-week average of weekly claims, which quiets some of the weekly volatility, fell by 3,750 to 217,750.
Weekly applications for jobless benefits are considered a proxy for U.S. layoffs.
Continuing claims, the total number of Americans collecting jobless benefits, rose by 36,000 to 1.91 million for the week of Nov. 9. That was higher than expected and the most in three years.
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