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WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41-1/2 years, suggesting the labor market maintained a solid pace of job growth in July.* A. X( @: e( o, n1 }1 n$ O
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The sturdy jobs picture together with a strengthening housing market brings the Federal Reserve a step closer to raising interest rates this year.3 h& c. W6 U! ?8 w. s+ @
( [* ]5 u7 l2 @ c; d1 ?3 @Initial claims for state unemployment benefits declined 26,000 to a seasonally adjusted 255,000 for the week ended July 18, the lowest level since November 1973, the Labor Department said on Thursday. # b) H" c7 u/ J, L
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