Initial Jobless Claims Fall 11,000 to 457,000

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Initial jobless claims fell 11,000 to a seasonally adjusted figure of 457,000 in the week ending July 24. The revised figure for the previous week was 468,000.

The four-week moving average, a clearer measure of unemployment trends, fell 4,500 to 452,500, the Department of Labor said in a statement.
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