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First-Time Jobless Claims Down Slightly

In the week ending May 16, 631,000 Americans filed claims for unemployment benefits for the first time, according to the U.S. Department of Labor.

That’s a decrease of 12,000 from the previous week’s revised figure of 643,000. The 4-week moving average was 628,500, a decrease of 3,500 from the previous week.

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