So far, the level of jobless claims remains quite low, evidence that Americans are enjoying a high degree of job security. 

The four-week moving average of claims, which smooths out week-to-week volatility, rose by 5,500 to 226,750.

The four-week average for claims, which evens out some of the week-to-week volatility, rose by 1,500 to 247,000.

Though the labor market remains strong, there have been some high-profile layoffs announced recently by Tesla, Netflix, Carvana, and Coinbase.

Applications for jobless aid for the week ending July 2 rose to 235,000, up 4,000 from the previous week. 

Applications for jobless aid for the week ending June 25 ticked down to 231,000, a decline of 2,000 from the previous week. 

The total number of Americans collecting jobless benefits for the week ending June 4 was 1,312,000.

Last month, the government reported America’s employers added 428,000 jobs in April, leaving the unemployment rate at 3.6%.

Applications for unemployment benefits rose by 21,000 to 218,000 for the week ending May 14. 

The total number of Americans collecting jobless benefits for the week ending April 23 fell by 19,000.