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WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41-1/2 years, suggesting the labor market maintained a solid pace of job growth in July.
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( g. c! Z; ], }5 }" M, WThe sturdy jobs picture together with a strengthening housing market brings the Federal Reserve a step closer to raising interest rates this year.4 |0 G6 z. t6 ?3 g
* p5 U$ Y9 g/ e2 I' UInitial claims for state unemployment benefits declined 26,000 to a seasonally adjusted 255,000 for the week ended July 18, the lowest level since November 1973, the Labor Department said on Thursday. 5 I2 @' |, z5 z0 k9 D, R4 m) A
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