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Jobless Claims in U.S. Jump to Highest Level in Six Weeks

More Americans than projected filed claims for jobless benefits last week and manufacturing in the Philadelphia region unexpectedly shrank in May, signs the slowdown in growth is rippling through the U.S. economy.

The number of applications for unemployment insurance payments jumped by 32,000 to 360,000 in the week ended May 11, the most since the end of March, Labor Department figures showed today in Washington. The Federal Reserve Bank of Philadelphia’s general economic index fell to minus 5.2 from 1.3 in April.