The number of Americans applying for jobless aid slips to 203,000 as layoffs remain low
WASHINGTON (AP) — The number of people filing for U.S. unemployment benefits fell last week, remaining at historic lows as layoffs are rare and most Americans enjoy job security. Jobless claims slipped to 203,000 last week from a revised 207,000 the week before, the Labor Department reported Thursday. The four-week average of claims, which smooths out week-to-week ups and downs, ticked up slightly to 205,500. Claims for jobless benefits are a proxy for layoffs, and economists watch them because they can provide early clues of where the job market is headed. For the past year, ...