US Monthly Jobless Claims Fall to Lowest Since 2007

Posted by bloomberg

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The fewest workers applied for U.S. unemployment benefits over the past month since before the last recession, indicating the labor market is making progress.

The economy will expand at a 2.5 percent annualized rate from July through December, up from a 1.4 percent gain in the first six months of 2013 and little changed from the pace projected last month, according to a Bloomberg survey of 59 economists conducted Aug. 2 to Aug. 6.

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