US Initial Jobless Claims Ease from 2-Month High
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Initial jobless claims in the United States fell by 13,000 to 228,000 on the week ending May 3rd, slightly below market expectations of 230,000, to mark a sharp contrast from the two-month high from the previous week.
In the meantime, outstanding unemployment claims fell by 29,000 to 1,879,000, easing from the over three-year high halfway through April.
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