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Jobless Claims Higher than Expected

Jobless claims in the U.S. were 422,000 for the week ending May 28, a decrease of 6,000 from the previous week’s revised figure of 428,000, the Labor Department said on Thursday.

Although there was a small decrease in the jobless claims, the 422,000 figure was higher than the 417,000 economists expected and underlies the still very week jobs market.

 

 

See Full Press Release from U.S. Labor Department Here.

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