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US Jobless Claims Edge Lower, Reflecting Tight Labor Market

  • Applications for unemployment dropped to 229,000 last week
  • Continuing claims hover near lowest level since 1969
An employee installs lights in an instrument panel at the Dakkota Integrated Systems manufacturing facility in Detroit, Michigan.
An employee installs lights in an instrument panel at the Dakkota Integrated Systems manufacturing facility in Detroit, Michigan.Photographer: Jeff Kowalsky/Bloomberg
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Applications for US unemployment insurance were little changed last week, suggesting the labor market remains exceptionally tight.

Initial unemployment claims decreased by 3,000 to 229,000 in the week ended June 11, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 217,000.