More Americans are applying for unemployment claims at exponential rates as fear of a recession lingers.
Jobless claims rose to 260,000 for the week of July 30, nearly 6,000 more than the 254,000 recorded the week before, according to The U.S. Department of Labor.
The four-week 'moving average' saw a 6,000 increase from the previous week, to 254,750.
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