US jobless claims fall slightly in first week of August

Initial claims for US unemployment fell to 266,000, down 1,000 from the prior week's revised level, according to the Labor DepartmentUS weekly unemployment claims recorded a marginal decline in the first week of August, continuing a streak of low levels not seen in nearly 50 years. Initial claims for unemployment fell to 266,000, down 1,000 from the prior week’s revised level, according to the Labor Department. Claims for unemployment benefits are used as a gauge of the prevalence of layoffs.

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