US unemployment claims rise 7K to 343K

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WASHINGTON • The number of Americans applying for unemployment benefits rose by 7,000 last week to a seasonally adjusted 343,000. The increase in the week ending July 20 follows a drop of 22,000 the previous week. But the broader trend is consistent with an improving job market. The four-week average, which smooths out weekly fluctuations, fell 1,250 to 345,250, according to the Labor Department. “Claims continue to signal no let-up in employment growth,” Jim O’Sullivan, chief U.S. economist at ...

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