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A day ahead of the release of the closely watched monthly jobs report, the Labor Department released a report on Thursday showing a bigger than expected decrease in first-time claims for U.S. unemployment benefits in the week ended May 26th.
The report said initial jobless claims fell to 221,000, a decrease of 13,000 from the previous week's unrevised level of 234,000. Economists had expected jobless claims to dip to 228,000.
