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Applications for Unemployment Benefits Decreases
There were less Americans who filed for unemployment benefits last week. Analysts saw this as a sign that the labor major has been improving after hiring increased in July. Jobless claims decreased by 6,000 to 361,000 in the week that ended August 4 according to the report released by the Labor Department.
A recent survey made by Bloomberg News of 43 economists showed that they forecast an average increase to 370,000. But not everything is positive for the US economy. Consumer confidence dropped...