WASHINGTON (AP) — The number of Americans filing for unemployment benefits fell last week to the lowest level in three months, a sign that the U.S. labor market remains sturdy despite fears over the impact of widespread U.S. tariffs.
The Labor Department reported Thursday that jobless claims for the week ending July 12 fell by 7,000 to 221,000, the fifth straight weekly decline and the fewest since mid-April. Last week’s number was also lower than the 232,000 that analysts forecast. Applications for unemployment aid are viewed as representative of layoffs.
Earlier this month, the Labor Department reported that U.S. employers added a surprising 147,000 jobs in June, adding to evidence that the American labor market continues to show resilience despite uncertainty over President Donald Trump’s economic policies. The job gains were much bigger than expected and the unemployment rate ticked down 4.1% from 4.2% in May. Analysts were expecting the unemployment to rise to 4.3%.
Though the job market is broadly healthy by historical standards, some weakness has surfaced as employers contend with fallout from Trump’s policies, especially his aggressive tariffs, which raise prices for businesses and consumers. Most economists believe the import duties make the economy less efficient by reducing competition. They also invite retaliatory tariffs from other countries, hurting U.S. exporters and potentially driving businesses to freeze hiring or cut staff.
The deadline on most of Trump’s stiff proposed taxes on imports were extended again until Aug. 1. Unless Trump reaches deals with other countries to lower the tariffs, economists fear they could act as a drag on the economy and trigger another bout of inflation.
Companies that have announced job cuts this year include Procter & Gamble, Workday, Dow, CNN, Starbucks, Southwest Airlines, Microsoft, Google and Facebook parent company Meta.
The Labor Department’s report Thursday said that the four-week average of claims, which smooths out some of the weekly ups and downs, fell by 6,250 to 229,500.
The total number of Americans collecting unemployment benefits for the week of July 5 remained stable, ticking up by just 2,000 to 1.96 million.
PITTSBURGH (AP) — Lamar Jackson thought it was over. That the Baltimore Ravens' unwieldy season would end up in a familiar spot: the playoffs.
Then, rookie kicker Tyler Loop's potential game-winning field goal from 44 yards out drifted a little right. And then a little further right. And then a little further right still.
By the time it fluttered well wide of the goalposts, the playoffs were gone. So was Jackson's certainty after a 26-24 loss to Pittsburgh on Sunday night sent the Ravens into what could be a turbulent offseason.
“I'm definitely stunned, man,” Jackson said. “I thought we had it in the bag. ... I don't know what else we can do.”
Jackson, who never really seemed fully healthy during his eighth season as he battled one thing after another, did his part. The two-time NFL MVP passed for 238 yards and three touchdowns, including two long connections with Zay Flowers in the fourth quarter that put the Ravens (8-9) in front.
It just wasn't enough. Baltimore's defense, which played most of the second half without star safety Kyle Hamilton after Hamilton entered the concussion protocol, wilted against 42-year-old Steelers quarterback Aaron Rodgers.
Rodgers passed for a season-high 294 yards, including a 26-yard flip to a wide-open Calvin Austin with 55 seconds to go after a defender slipped, symbolic of a season in which Baltimore's defense only occasionally found its form.
Still, the Ravens had a chance when Jackson found Isaiah Likely for a 28-yard gain on fourth down from midfield. A couple of snaps later, the 24-year-old Loop walked on to try to lift Baltimore to its third straight division title.
Instead, the rookie said he “mishit” it. Whatever it was, it never threatened to sneak between the goalposts.
“It’s disappointing,” Loop said.
Loop was talking about the game. He might as well have been talking about his team's season.
The Ravens began 1-5 as Jackson dealt with injuries and the defense struggled to get stops. Baltimore found a way to briefly tie the Steelers for first in late November, only to then split its next four games, including a home loss to Pittsburgh.
Still, when Jackson and the Ravens walked onto the Acrisure Stadium turf on Sunday night in the 272nd and final game of the NFL regular season, Baltimore was confident. The Ravens drilled Pittsburgh in the opening round of the playoffs a year ago behind the ever-churning legs of running back Derrick Henry.
When Henry ripped off a gain of 40-plus yards on the game's first offensive snap, it looked like it was going to be more of the same. While Henry did rush for 126 yards and joined Hall of Famer Barry Sanders as the only running backs in NFL history to have five 1,500-yard seasons, he was less effective in the second half.
Even that first run was telling of what night it was going to be, as an illegal block by wide receiver Zay Flowers cost Baltimore some field position. The Ravens ended up scoring on the drive anyway, thanks to a 38-yard fourth-down flip from Jackson to a wide-open Devontez Walker, but it started a pattern that was hard to shake as several steps forward were met with one step back on a night the Ravens finished with nine penalties for 78 yards.
“We were having a lot of penalties, which kept stopping drives," Jackson said. “But I'm proud of my guys because we kept overcoming. We kept overcoming adversity and situations like this. Divisional games (can) be like that sometimes.”
Particularly when the Steelers are on the other side of the line of scrimmage. Pittsburgh has won 10 of the last 13 meetings. And while a handful of them have been in late-season matchups with the Ravens already assured of reaching the playoffs, the reality is the Steelers have been able to regularly do something that most others have not: found a way to beat Jackson.
“It comes down to situations like this,” Jackson said. “Two-point conversion one year. Field goal another year. And again this year. Just got to find a way to get that win here.”
And figure out who is going to be around to help get it.
Head coach John Harbaugh's 18th season in Baltimore ended with the Ravens missing the playoffs for just the second time in eight years. Jackson turns 29 this week and is still one of the most electric players in the league.
Yet Harbaugh and Jackson have yet to find a way to have that breakthrough season that Harbaugh enjoyed with Joe Flacco in 2013 when the Ravens won the Super Bowl.
There was hope when the season began that the roadblocks that have long been in the franchise's way — Kansas City and Patrick Mahomes chief among them — would be gone.
While the Ravens did get their way in a sense — the Chiefs will watch the playoffs from afar for the first time in a decade after a nightmarish season of their own — it never all came together.
Jackson declined to endorse Harbaugh returning for a 19th season, saying the loss was still too fresh to zoom out on what it might mean for the franchise going forward.
Harbaugh, for his part, certainly seems up for running it back in the fall.
“I love these guys,” he said afterward. “I love these guys.”
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Baltimore Ravens quarterback Lamar Jackson, right, hands the ball off to running back Derrick Henry (22) during the first half of an NFL football game against the Pittsburgh Steelers, Sunday, Jan. 4, 2026, in Pittsburgh. (AP Photo/Gene J. Puskar)
Baltimore Ravens head coach John Harbaugh talks with an offical during the second half of an NFL football game against the Pittsburgh Steelers, Sunday, Jan. 4, 2026, in Pittsburgh. (AP Photo/Justin Berl)
Pittsburgh Steelers defensive tackle Cameron Heyward, left, greets Baltimore Ravens quarterback Lamar Jackson (8) after an NFL football game Sunday, Jan. 4, 2026, in Pittsburgh. (AP Photo/Gene J. Puskar)
Pittsburgh Steelers safety Jabrill Peppers (40) reacts after Baltimore Ravens kicker Tyler Loop (33) missed a field goal attempt in the second half of an NFL football game against the Pittsburgh Steelers, Sunday, Jan. 4, 2026, in Pittsburgh. (AP Photo/Gene J. Puskar)
