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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.! x1 K/ O$ ~7 I7 ]/ \' p
) l3 c' q' |" E' m* T* R5 H4 [7 sThe sturdy jobs picture together with a strengthening housing market brings the Federal Reserve a step closer to raising interest rates this year.
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: p& G1 z7 L N( m7 p& k8 @Initial 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. ! F7 V: C n. ^
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