The number of Americans filing new applications for jobless benefits declined last week as layoffs remained low, which could help to allay fears that the labor market was deteriorating. The weekly jobless claims report from the Labor Department on Thursday,

The number of Americans filing for unemployment benefits fell last week as layoffs remain relatively low despite other signs of labor market cooling. Jobless claims fell by 5,000 to 227,000 for the week of Aug.

Weekly unemployment insurance claims fell to a 2-month low ahead of Friday’s hotly-anticipated jobs report, according to data released Thursday. Claims numbered 227,000 for the week ending