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Jobless Claims in U.S. Climbed Last Week From a Three-Month Low
The number of Americans who filed for unemployment benefits last week rose from a three-month low, consistent with the Federal Reserve’s view of a stronger job market. Jobless claims increased by 14,000 to 266,000 in the week ended July 23, a Labor Department report showed Thursday in Washington. The median forecast in a Bloomberg survey called for 262,000 applications. The less-volatile four-week average dropped to remain at the second-lowest level since 1973. Hiring managers are reluctant to pare staff as the labor market tightens and demand continues to expand in the face of subdued global growth prospects. Fed ... (full story)