Jobs
US Jobless Claims Fall for a Second Week to Lowest Since July
- Initial applications fell 7,000 last week to 227,000
- Recurring claims fell to 1.86 million in the latest period
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Initial applications for US unemployment benefits fell for a second week to the lowest level since early July, despite a recent pullback in hiring.
Initial claims decreased by 7,000 to 227,000 in the week ended Aug. 10, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 235,000 applications.