Initial jobless claims jump more than expected in past week

2 hours ago 2
Company downsizing, staff reduction and layoffs.

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Initial jobless claims for the week ended Aug. 2: +7K to 226K vs. 221K consensus and 219K prior (revised from 218K), according to data released by the Department of Labor on Thursday.

Continuing claims: 1.974M vs. 1.950M consensus and 1.936M prior (revised from 1.946M).

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