Economics
Payrolls Opening Act Signals Sustained U.S. Job-Market Progress
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Employers are holding onto workers in anticipation of a falling U.S. jobless rate that would make it difficult to replace those let go.
The level of claims for unemployment benefits remains close to the lowest in four decades, even as applications climbed by 3,000 to 270,000 in the week ended Aug. 1, figures from the Labor Department showed Thursday.