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Jobless claims decrease

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Jobless claims decrease

Jobless claims decrease

The Labor Department today reported that seasonally-adjusted initial claims for unemployment insurance for the week ended August 16 were 298,000, a decrease of 14,000 from the previous week's revised figure.

Analysts had expected claims to come in at 300,000.

The 4-week moving average, which smoothes out volatility to a certain extent, increased 4,750 to 300,750.

The latest data underscores the widespread perception of a gradually strengthening jobs market.

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