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Jobless-Benefit Rolls at 28-Year Low Show U.S. Labor Tightness

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A decline in U.S. jobless-benefit rolls to a 28-year low adds to signs of a tight labor market, as initial unemployment claims also remained subdued, Labor Department figures showed Thursday.

Initial jobless claims decreased by 2,000 to 236,000 (forecast was 245,000). Continuing claims fell by 61,000 to 1.918 mln in week ended April 29 (data reported with one-week lag), the lowest since November 1988.

Source: Republic of Turkey Ministry of Economy

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