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US Weekly Jobless Claims Rise, Labor Market Remains Stable

More Americans than expected filed for unemployment benefits for the first time last week, although the underlying trend still points to declining jobless claims and a strengthening labor market. The U.S. Labor Department reported Thursday that initial claims for unemployment jumped by 17,000 during the week ending April 30 to a seasonally-adjusted 274,000. This represents the biggest gain in initial weekly jobless claims since February of last year. Despite the increase, weekly...

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