Weekly jobless claims rise to 260,000 ahead of nonfarm payrolls report

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Initial claims for unemployment insurance totaled 260,000 last week, near the highest level since November amid a shift in the U.S. labor market.The total for the week ended July 30 was in line with the Dow Jones estimate but a gain of 6,000 from the previous week's downwardly revised level, the Labor Department reported Thursday.In other economic news, the U.S. trade deficit in goods and services...

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