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US initial jobless claims fall to 187,000, lowest since 1969

financeJul 23, 202624111

Bloomberg reported that first-time applications for US unemployment benefits fell by 22,000 to 187,000 in the week ended July 18, the lowest weekly level since 1969. The Labor Department release beat the Bloomberg survey median forecast of 210,000 applications. The decline signals layoffs remain muted and points to a stable labor market. The drop to 187,000 continues a pattern of unusually low weekly claims that market participants watch for signs of labor strength.

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