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Sunday, Mar 3, 2024

New jobless claims drop; retail sales rise

WASHINGTON — The number of newly laid-off Americans filing jobless claims fell more than expected last week and retail sales grew in May for the first time in three months, fresh evidence that the worst of the recession may have past. The Labor Department said today that initial claims for unemployment benefits fell last week by 24,000 to a seasonally adjusted 601,000. That’s below analysts’ estimates of 615,000. For the full story click here

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