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.

Weekly jobless claims fall 5,000 to 245,000; Layoffs reported in a range of industries in prior week; Continuing claims decrease 6,000 to 1.945 million; Single-family building permits drop 2.7% in May