Fewer Americans applied for unemployment benefits as layoffs remain low despite uncertainty about how new tariffs will impact the economy.

The Labor Department reported that jobless claims for the week ending June 28 fell by 4,000 to 233,000, less than the 241,000 that analysts forecast.

Though the job market is broadly healthy by historical standards, some weakness has surfaced as employers contend with fallout from President Donald Trump’s policies, especially his new tariffs.

Many of the president’s proposed taxes on imports currently are on pause, but they’re scheduled to go into effect this week.

Companies that have announced job cuts this year include Procter & Gamble, Workday, Dow, CNN, Starbucks, Southwest Airlines and Facebook parent company Meta.

Last week, Microsoft announced that it is laying off about 9,000 workers, its second mass layoff in months and its largest in more than two years.

Earlier, Google also confirmed that it had offered buyouts to another swath of its workforce in a fresh round of cost-cutting ahead of a court decision that could order a breakup of its internet empire.

The Labor Department’s unemployment benefits report showed that the four-week average of claims, which evens out some of the weekly volatility, fell by 3,750 to 241,500.

The total number of Americans collecting unemployment benefits the week of June 21 held steady at 1.97 million.