Jobs
US Applications for Jobless Benefits Fall to Two-Month Low
- Initial jobless claims fall to 228,000, Labor Department says
- Continuing claims post biggest rise in more than three months
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US applications for unemployment benefits fell last week to the lowest level in two months, suggesting resilient demand for workers amid a moderation in job gains.
Initial jobless claims fell by 9,000 to 228,000 in the week ended July 15, according to Labor Department data published Thursday. The median estimate in a Bloomberg survey of economists called for 240,000 new claims.