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US Unemployment Benefits Preview
Fewer Americans likely sought unemployment benefits last week, potentially reversing a big gain the previous week. Weekly unemployment applications are typically volatile in July. Economists forecast that weekly applications fell 20,000 to a seasonally adjusted 340,000, according to a survey by FactSet. That would follow an increase of 16,000 to 360,000 in the previous week. The Labor Department will release the report at 8:30 a.m. EDT Thursday. July can be a tricky time for the weekly unemployment benefit applications data, leading most economists to expect volatile readings this month. Automakers typically shut ... (full story)
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