New claims for job­less ben­e­fits fall for third time in past month

Austin American-Statesman - - BUSINESS -

New job­less claims fell last week for the third time in four weeks but re­main el­e­vated. The de­cline is a sign that the econ­omy likely added jobs in July, al­though not enough to lower the nation’s un­em­ploy­ment rate.

First-time claims for un­em­ploy­ment in­surance dropped by 11,000 to a sea­son­ally ad­justed 457,000, the La­bor Depart­ment said. Claims have fluc­tu­ated this month be­cause of tem­po­rary sea­sonal fac­tors. Some man­u­fac­tur­ers have skipped their tra­di­tional sum­mer shut­downs, which led to fewer lay­offs and un­em­ploy­ment claims.

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