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A report released by the Labor Department on Thursday showed a much bigger than expected decrease in first-time claims for U.S. unemployment benefits in the week ended July 15th.
The report said initial jobless claims fell to 233,000, a decrease of 15,000 from the previous week's revised level of 248,000.
Economists had expected jobless claims to edge down to 245,000 from the 247,000 originally reported for the previous week.
