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US Jobless Claims Edged Lower Last Week Amid Tight Labor Market

  • Applications for unemployment benefits fell to 200,000
  • Continuing claims decrease to lowest level since 1969
A worker checks dried dyed fiber at a raw stock dye house in Philadelphia, Pennsylvania.
A worker checks dried dyed fiber at a raw stock dye house in Philadelphia, Pennsylvania.Photographer: Hannah Yoon/Bloomberg
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Applications for US unemployment insurance declined last week, holding at historically low levels amid a tight labor market.

Initial unemployment claims decreased by 11,000 to 200,000 in the week ended May 28, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 210,000.