Weekly Jobless Claims Lowest Since 1973; Leading Index Rises

Filed under: Labor, Economic Indicators, Job Market, Unemployment

M. Spencer Green/APBy Lucia MutikaniWASHINGTON -- The number of Americans filing new applications for unemployment benefits last week dropped to its lowest level in nearly 42 years, suggesting the labor market maintained a sturdy pace of job growth in July.Other data Thursday also offered an upbeat assessment of the economy. A gauge of future economic activity increased solidly in June and another measure suggested growth...

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