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Labor Department Reports Modest Rise In Unemployment Claims

The previous week's figure was revised upward to 188,000, while the four-week moving average, which smooths short-term fluctuations, declined to 202,750.

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Initial unemployment claims in the United States increased by 9,000 to 197,000 for the week ending July 25, according to the Department of Labor, signaling a modest rise in new applications for jobless benefits.

The report said the previous week's figure was revised upward to 188,000, while the four-week moving average, which smooths short-term fluctuations, declined to 202,750.

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Continuing claims, which reflect the number of people receiving ongoing unemployment benefits, fell by 7,000 to 1.782 million for the week ending July 18. The insured unemployment rate remained unchanged at 1.2%.

According to the Labor Department, unadjusted initial claims declined from the previous week, although the drop was smaller than seasonal expectations.

New York recorded the largest decline in claims, driven by fewer layoffs in transportation, healthcare and education. Michigan, California, Texas and Pennsylvania also reported notable decreases, while Louisiana posted the largest weekly increase.

The report said overall labor market conditions remain relatively stable despite the modest increase in new claims.

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