APPLICATIONS RISE: Fewer Americans applied for unemployment benefits last week, a positive sign that layoffs have dipped. Applications fell by 16,000 to 414,000.
STILL HIGH: Applications have now been stuck above 400,000 for 10 weeks, evidence that the job market has weakened from earlier this year. Applications had fallen in February to 375,000, a level that signals sustainable job growth. But applications surged in April to 478,000 and they have declined slowly since then.
SLOW IMPROVEMENT: The report suggests that employers added more jobs in June than May's weak figure of 54,000, but less than the 220,000 per month pace from earlier this year.