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Jobless claims, index point to sustained economic strength (Reuters)

July 14, 2016

The number of Americans filing for unemployment benefits unexpectedly held steady near a 43-year low last week, pointing to further momentum in the labor market after job growth surged in June, Reuters reports. Another report, the US Bureau of Labor Statistics’ producer price index, showed producer prices recorded their biggest gain in a year in June on rising costs for energy products and services.