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US jobless claims fall to pandemic low of 1.19 million

The broad decline across nearly all states suggests that the labour market is improving

Hiring at US companies remained positive in July, but the pace of job growth slowed sharply, with some industries even seeing small declines.


APPLICATIONS for unemployment benefits in the US fell more than expected last week to the lowest since the pandemic started, in a broad decline across nearly all states, suggesting the labour market is improving.

Initial jobless claims in regular state programmes fell by...

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