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WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41-1/2 years, suggesting the labor market maintained a solid pace of job growth in July.1 {' P: q$ E7 I( i
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The sturdy jobs picture together with a strengthening housing market brings the Federal Reserve a step closer to raising interest rates this year." B: G0 }3 P" Z, }, y
+ p0 c1 o- g$ V: |# q* U6 CInitial claims for state unemployment benefits declined 26,000 to a seasonally adjusted 255,000 for the week ended July 18, the lowest level since November 1973, the Labor Department said on Thursday.
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