New Jobless Claims in U.S. Declined by 2,000 Last Week
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The number of Americans filing first-time claims for unemployment insurance payments declined last week, pointing to gradual improvement in the labor market.
Applications for jobless benefits decreased by 2,000 to 370,000 in the week ended May 19 from a revised 372,000 the prior week, Labor Department figures showed today. The initial claims matched the median estimate in a Bloomberg News survey of economists. The number of people on unemployment benefit rolls and those receiving extended payments dropped.