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July 24, 2026

Jobless claims fall to 5-decade low

WASHINGTON — U.S. applications for jobless benefits tumbled to the lowest level in more than five decades last week as layoffs remain historically low despite global economic uncertainty.

The number of Americans applying for unemployment benefits in the week ending July 18 declined by 22,000 to 187,000, the Labor Department reported Thursday. That's the fewest number of weekly applications since the week ending Sept. 6, 1969, according to Labor Department data.


 
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