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WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41-1/2 years, suggesting the labor market maintained a solid pace of job growth in July.- M w% F) l, I, o, M6 M( E8 {
# [+ [6 Z! C: a0 N) H1 _9 J FThe sturdy jobs picture together with a strengthening housing market brings the Federal Reserve a step closer to raising interest rates this year.8 ]7 n# D/ ^9 `& x
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Initial claims for state unemployment benefits declined 26,000 to a seasonally adjusted 255,000 for the week ended July 18, the lowest level since November 1973, the Labor Department said on Thursday. , O( Q( A Q* O) t1 m7 M
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