US Jobless Claims Fall to 187,000

Initial jobless claims fell to about 187,000 for the week ending July 18, signaling a still-tight U.S. labor market and keeping rate-cut prospects uncertain as the four-week average sits around 207,500. Economists’ forecasts for the next report range roughly 195,000 to 220,000 claims, with market commentary noting the data reinforce a resilient economy despite inflation concerns.