WASHINGTON (AP) -- The number of Americans applying for unemployment benefits fell 19,000 last week to a seasonally adjusted 326,000, the fewest since January 2008. The decline signals more strength for the job market.
The Labor Department says the less volatile four-week average slid 4,500 to 345,750.
The July figures are typically volatile as the government adjusts for seasonal layoffs in the auto industry.
Still, the trend in recent months has been positive. Applications, which are a proxy for layoffs, have fallen more than 12 percent this year. That's coincided with average gains of 202,000 jobs a month since January.
The payroll company ADP said Wednesday that companies created 200,000 jobs in July, the most for that survey since December. That's a hopeful sign ahead of Friday's Labor Department report on July employment.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.