Unemployment claims rose less than expected at the end of July, Reuters reports. Labor Department data released Thursday shows that economists' fears of a residual effect from global trade tensions are so far unfounded.
During the last week of July, unemployment benefit claims rose by 1,000, bringing the total to 218,000. The increase was a modest uptick from the previous week, when the 208,000 claims marked the lowest number since 1969.
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