US initial jobless claims fall more-than-expected

Source: Investing.com
© Reuters

On Thursday, fresh figures from the Department of Labor showed that the number of people applying for unemployment benefits for the first time during the week ended May 21 dropped to 268,000, following the 278,00 reading seen in the previous seven days and the 275,000 market forecast. It was the 64 consecutive week since initial jobless claims remained below the 300,000 level.





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