Jobless claims inch up ahead of Friday jobs report ...Middle East

The number of Americans claiming unemployment benefits climbed slightly last week amid broader strength in the U.S. labor market. Claims rose to 227,000 for the week ending July 29, up 6,000 from the previous week, ahead of more comprehensive jobs data to be released Friday by the Labor Department. Despite the uptick, U.S. employers cut just 23,697 jobs in July, the lowest number in 11 months, according to employment research firm Challenger, Gray and Christmas. “Companies, weary of letting go of needed workers, are finding other ways to cut costs. Many have slowed hiring, but wages continue to rise, particularly for the lowest-wage earners, for the moment,” Andy Challenger, a se

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Jobless claims inch up ahead of Friday jobs report ...Middle East

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