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Weekly applications for US jobless aid tick up from 5-month low

KEYT

WASHINGTON (AP) — 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. 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. Jobless benefit applications are seen as a proxy for the number of layoffs in a given week. Thursday’s report comes just a day before the July jobs report will be released, which will provide a broader and more detailed look at the labor market and economy.

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The Associated Press

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