(Reuters) - The S&P 500 and the Dow slipped further on Thursday after weekly jobless claims rose unexpectedly back above the 1 million mark last week, lending weight to the Federal Reserve’s view of a difficult road to economic recovery.

The benchmark index retreated from a record level a day earlier after minutes from the Fed’s latest policy meeting showed the labor market’s swift rebound in May and June had likely slowed and that policymakers would stick with aggressive stimulus measures for a much longer period.

The number of Americans filing for a new claim for unemployment benefits rose to 1.106 million in the week ended Aug. 15 after slipping below the 1 million level for the first time since the start of the pandemic, in the prior week.

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