Jobless claims remain low in the face of rising global trade tensions

Unemployment claims rose less than expected at the end of July, Reuters reports. Labor Department data released Thursday shows that economists' fears of a residual effect from global trade tensions are so far unfounded.

During the last week of July, unemployment benefit claims rose by 1,000, bringing the total to 218,000. The increase was a modest uptick from the previous week, when the 208,000 claims marked the lowest number since 1969.

"Claims had started to move higher in mid-June,...

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