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Jobless claims fall by 18,000

June 05 2008

In the week ended May 31, the advance figure for seasonally adjusted initial unemployment claims was 357,000, a decrease of 18,000, or 5.0%, from the previous week's revised figure of 375,000. The four-week moving average was 368,500, a decrease of 2,750 from the previous week's revised average of 371,250.

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