The number of people applying for U.S. unemployment benefits dipped last week to the lowest level since mid-July as layoffs remain low and and most American workers enjoy job security WASHINGTON -- The number of people applying for U.S. unemployment benefits dipped last week to the lowest level since mid-July as layoffs remain low and most American workers enjoy job security . The Labor Department said Thursday that initial jobless claims ticked down to 197,000 from a revised 198,000 the week before. The four-week average of claims, which smooths out week-to-week volatility, dropped by 2,500 to 200,000. Claims for jobless benefits are a proxy for layoffs, and economists watch them because they can be a sign of where the job market is headed.
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