Initial claims for state unemployment benefits dropped by 5,000 to a seasonally adjusted 227,000 for the week ending July 5, the Labor Department reported on July 10.

US jobless claims fall to seven-week low despite slowing labour market

The number of Americans filing new claims for unemployment benefits fell to a 16-month low-level last week as the labor market gains traction, but worker shortages and bottlenecks in the supply chain are frustrating efforts by businesses to ramp up production to meet strong demand for goods and services.

World Business Watch: US weekly jobless claims at 16-month low, shortages hamper manufacturing

Workers' filings for unemployed benefits again plummeted to a fresh pandemic low. The Labor Department said on Thursday that initial unemployment claims for regular state programs, a proxy for layoffs, fell to 406,000 from 444,000 last week.

World Business Watch: US weekly jobless claims drop to new pandemic low, economy recovery gains speed