First-time claims for U.S. unemployment benefits saw a modest increase in the week ended July 20th, according to a report released by the Labor Department on Thursday, with claims coming in slightly above economist estimates.
The report said initial jobless claims rose to 343,000, an increase of 7,000 from the previous week's revised figure of 336,000. Economists had been expecting jobless claims to climb to 341,000 from the 334,000 originally reported for the previous week.
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