U.S. Jobless Claims Decrease to 429,000; PPI Falls 0.5%

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July 15 (Bloomberg) -- U.S. initial jobless claims dropped by 29,000 to 429,000 in the week ended July 10, the fewest since August 2008, Labor Department figures showed today, reflecting a smaller number of factory closings for this time of year. Wholesale prices in the U.S. fell 0.5 percent in June, more than forecast. Bloomberg's Michael McKee reports. (Source: Bloomberg)

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