U.S. Initial Unemployment Claims Edge Lower in Latest Week

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New applications for unemployment benefits edged down last week and the number receiving payments fell to the lowest level since mid-April, signs the labor market is healing and so far not significantly affected by a rising number of Covid-19 cases in several states.

Initial unemployment claims fell by a seasonally adjusted 99,000 to 1.3 million for the week ended July 4, the Labor Department reported Thursday. That extends a trend of gradual declines from a peak of 6.9 million in mid-March, when the coronavirus pandemic…



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