Weekly filings for unemployment benefits are considered a proxy for layoffs and are close to a real-time indicator of the health of the U.S. job market.

Filings for unemployment benefits fell last week to the lowest level in 10 weeks as U.S. layoffs remain historically low

US weekly jobless claims fell to 208,000, beating economist forecasts of 215,000-218,000 and reducing expectations for Fed rate cuts that could boost