Initial unemployment claims decreased last week, indicating a stable labor market. Job growth slowed in June, but economists see no major shift. Continuing claims rose, reflecting seasonal school holiday adjustments. Federal Reserve officials noted inflation concerns and stable labor conditions. Policymakers anticipate a potential interest rate hike later this year.

The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low.

The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low