The new unemployment benefit report signals employers are cutting fewer jobs and U.S. hiring is likely to remain strong
Washington D.C.—The number of Americans seeking unemployment benefits slipped 1,000 last week to a seasonally adjusted 298,000, a low level that signals employers are cutting fewer jobs and hiring is likely to remain strong.
Here are the states with the biggest decreases in applications for the week that ended August 16:
California: Down 8,771
Florida: Down 1,462, due to fewer layoffs in farming, manufacturing, retail and services.
Illinois: Down 1,442
Michigan: Down 1,401
Texas: Down 1,050
