Initial claims for unemployment insurance edged lower last week, meeting Wall Street expectations, while longer-term unemployment signs showed improvement, the Labor Department reported.
First-time filings for benefits dipped to 385,000 for the week ended July 31, a decline of 14,000 from the previous week. The total hit the Dow Jones estimate exactly.
However, continuing claims showed a sharp dip, according to data that runs one week behind the headline weekly number.
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