Jobless claims down despite recession fears

Jobless claims for the week ending Aug. 3 fell from the previous week to at 233,000, the lowest total in four weeks, according to an Aug. 8 report from Forbes.

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The week prior saw 250,000 claims, the highest level reported by the Labor Department in 51 weeks. 

Jobless claims from the week of Aug. 3 also came in below economists’ estimates of 240,000. The number of Americans receiving unemployment benefits stood at 1.88 million, essentially flat from the prior week. 

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