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U.S. weekly jobless claims point to solid pace of hiring in August

Staff Writer |
U.S. jobless claims drifted lower last week, signaling a still robust pace of hiring in the economy.

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Initial unemployment claims for the week ending on 18 August slipped by 2,000 to 210,000.

The four-week moving average for claims, which aims to smoothe-out the volatility in the data from one week to the next, retreated by 1,750 to 213,750.

Meanwhile, secondary unemployment claims, those which are not being filed for the first time and referencing the week ending on 11 August, dipped by 2,000 to hit 1.727m.


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