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US Continuing Jobless Claims Climb
The number of freshly laid-off workers filing new claims for state unemployment benefits fell more than expected last week even as the total number of people collecting benefits set a new record for the 17th time in as many weeks. Separately, durable goods orders unexpectedly surged in April, driven partly by a bounce in demand for cars, according to data giving further evidence manufacturing isn't as soft as it had been. However, March's reading was revised significantly lower. The tally of continuing jobless claims, those drawn by workers collecting benefits for more than one week in the week ended May 16, rose by ... (full story)
