Jobless claims up for week
WASHINGTON — More Americans filed for unemployment benefits last week, but applications remained at a low level that suggests most workers enjoy job security.
The Labor Department said weekly jobless claims rose by 14,000 to 257,000, highest in almost a month. The less volatile four-week average slipped by 500 to 242,250, lowest since late February.
Overall, 1.99 million Americans are collecting unemployment benefits, down more than 7 percent from a year ago.
Jobless claims are a proxy for layoffs. They have now come in below 300,000 for 112 straight weeks, longest streak since 1970.
