Unemployment Claims Inched Higher, But Remain Low

WASHINGTON (AP) – Slightly more Americans applied for unemployment benefits last week as the labor market remains one of the healthiest parts of an uneven U.S. economy. Jobless claims for the week ending Oct. 22 inched up by 3,000 to 217,000 from 214,000 the previous week, the Labor Department reported Thursday. The four-week moving average rose to 219,000 from 212,250 the previous week. Applications for jobless claims, considered a proxy for layoffs, remain historically low. The total number of Americans collecting unemployment aid rose by 55,000 to 1.44 million for the week ending Oct. 15, its highest level in seven months.