300,000 and counting…..
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The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a strengthening labor market.

Initial claims for state unemployment benefits declined 27,000 to a seasonally adjusted 300,000 for the week ended May 24, the Labor Department said on Thursday.

The prior week’s claims were revised to show 1,000 more applications received than previously reported.

Economists polled by Reuters had forecast first-time applications for jobless aid falling to 318,000 last week.

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