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U.S. Jobless claims tick higher

SPX News by Newsroom on 09:12 August 02, 2018 EST

Initial jobless claims in the US rose to a seasonally adjusted 218,000 in the week ended July 28 from 217,000 in the prior week, the Labor Department said Thursday.

The number of U.S. workers filing new applications for unemployment benefits continued to hover near the lowest levels since the late 1960s.

Over the past month, weekly new claims have averaged 214,500, the second-lowest since late 1969.

The Labor Department is scheduled to issue the July jobs report on Friday. It is expected around 190,000 new payroll jobs and the unemployment rate dipping to 3.9 percent.