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First-time claims for U.S. unemployment benefits fell by more than expected in the week ended July 7th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims dropped to 214,000, a decrease of 18,000 from the previous week's revised level of 232,000.
Economists had expected jobless claims to edge down to 225,000 from the 231,000 originally reported for the previous week.
