Weekly Jobless Claims Lowest Since Nixon Era

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 fell to its lowest level in nearly 42 years, suggesting job growth remained solid despite slowing in June.Initial claims for state unemployment benefits declined 26,000 to a seasonally adjusted 255,000 for the week ended July 18, the lowest level since November 1973, the Labor Department said...

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