WASHINGTON — The Labor Department said Thursday that jobless claims slid by 8,000 to a seasonally adjusted 252,000. That matched the level in mid-July, which was the lowest since April. The less-volatile four-week average fell by 2,250 to 258,500. Weekly claims have come in below 300,000 for 81 straight weeks, longest such streak since 1970.

The number of people collecting unemployment benefits is 2.11 million, down nearly 6 percent from a year ago.

Applications for unemployment benefits are a proxy for measuring layoffs. The low level of claims suggests that companies are holding onto staff.

“The labor market remains rock solid,” Stephen Stanley, chief economist at Amherst Pierpont Securities, wrote in a research note.

Unemployment is at a healthy 4.9 percent. Employers have added 204,000 jobs a month over the past year, though hiring slowed to 151,000 in August. The job market is robust despite a sluggish economy. Economic growth came in at an unimpressive 1.1 percent annual pace from April through June after growing just 0.8 percent in the first quarter and 0.9 percent in the fourth quarter of 2015.

In a separate report, the Labor Department reported earlier that job openings rose 4 percent in July but hiring just 1 percent. That suggests employers are struggling to find qualified workers.


Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.