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A report released by the Labor Department on Thursday showed a slight uptick in first-time claims for U.S. unemployment benefits in the week ended May 20th.
The report said initial jobless claims inched up to 234,000, an increase of 1,000 from the previous week's revised level of 233,000.
Economists had expected jobless claims to climb to 238,000 from the 232,000 originally reported for the previous week.
