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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.
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# a9 w' s$ s8 q* E( ^8 l+ S$ |" ]The sturdy jobs picture together with a strengthening housing market brings the Federal Reserve a step closer to raising interest rates this year.; F2 Y3 H* N t7 ^; D* s) t4 `" i. o
8 x8 @9 k% V7 D7 ZInitial 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. + i0 a9 R1 j! {6 x6 u* f* a' H
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