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U.S. Jobless Claims Rise While Still Signaling Solid Job Market!

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U.S. jobless-benefit claims inched up last week, while still hovering near levels that reflect a strong labor market, Labor Department data showed Thursday.

Highlights of Jobless Claims (Week Ended May 20). Initial benefit filings increased by 1k to 234k.

(Forecast was 238k) Continuing claims rose by 24k to 1.923 mln in week ended May 13 (data reported with one-week lag).  Previous week’s initial claims revised to 233,000 from 232,000.

Source: Republic of Turkey Ministry of Economy

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