US jobless claims fell to their lowest level since February

The US Department of Labor said that jobless claims in the United States fell by 7,000 to a seasonally adjusted 221,000 for the week ending July 22, the lowest level since February.

Analysts had expected jobless claims to rise to 235,000 last week, and continuing claims fell by 59,000 to 1.690 million in the week ending July 15, the lowest level since January.

The National Association of Realtors (NAR) said that the pending home sales index in the United States rose 0.3% to 76.8 in June, and on an annual basis sales fell 15.6% in June.

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