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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.$ H1 i9 i' P4 O6 f- b$ }$ @, ]
8 _! A& a: E0 z* C# I _ P1 IThe 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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) @4 `2 J% I) A. r6 gInitial 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. , L- R/ _' D3 o$ h0 m$ a
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