Applications for US unemployment benefits edged lower last week, suggesting employers remain reluctant to layoff workers.
Initial claims decreased by 3,000 to 224,000 in the week ended Aug. 9, which was about in line with economists' forecasts.
Continuing claims, a proxy for the number of people receiving benefits, fell to 1.95 million in the previous week, according to Labor Department data released Thursday.
Source: Bloomberg
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