Unemployment claims tick up to 206,000 but remain at historic lows
WASHINGTON (AP) — More Americans filed for unemployment benefits last week, but layoffs are still rare and jobless claims remain at historically low levels. The Labor Department reported Thursday filings for benefits ticked up to 206,000 last week from a revised 204,000 the week before. The four-week average of claims, which smooths out week-to-week volatility, rose modestly to 207,250 last week. Claims for jobless benefits are a proxy for layoffs, and economists watch them because they can be a sign of where the job market is headed. For the past year, claims have mostly stayed ...
