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.# S' N: C4 {7 x- Y7 j; P
g6 O! l3 g5 F" @/ iThe sturdy jobs picture together with a strengthening housing market brings the Federal Reserve a step closer to raising interest rates this year. ( }3 k# g9 S6 u1 N( ] ; c" U/ p5 ?7 ?: A# O& wInitial 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. 8 ]& W' Q4 ` r1 F/ J0 V8 s- W3 F/ |