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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., K2 O6 G0 Z0 m* @) N6 Y
" j0 n6 J0 t6 `+ R" x9 T# L* o: R1 _The sturdy jobs picture together with a strengthening housing market brings the Federal Reserve a step closer to raising interest rates this year.
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+ N/ j8 \& C+ r6 G8 M* mInitial 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.
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