US Weekly Jobless Claims Hit Lowest Point Since Late '69

The number of Americans filing for unemployment benefits dropped last week to its lowest point in more than 48 years as the labor market strengthens further, but trade tensions are casting a shadow over the economy's outlook. Other data on Thursday showed manufacturing activity in the mid-Atlantic region accelerated in July amid a surge in orders received by factories. But the Philadelphia Federal Reserve survey also showed manufacturers paying more for inputs and less upbeat about...

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