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Unemployment claims rise, but job market still healthy (Reuters)

August 04, 2016

US jobless claims unexpectedly rose by 3,000 last week, but the job market remains healthy, Reuters reported. “This level of unemployment claims points to continued very subdued layoff rates at the start of the third quarter,” Reuters quotes John Ryding, chief economist at RDQ Economics in New York. The Department of Labor reported the four-week moving average of claims rose by 3,750.