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Initial unemployment claims increased last week

The US Department of Labor reported that initial unemployment claims rose by 2,000 to 232,000 for the week ending on 27 May.

For the week of 20 May, the states with the highest increase in new claims were: Texas (+2,808), Connecticut (+2,091), Iowa (+621), Pennsylvania (+540), and Missouri (+324). Massachusetts (-2,127), Michigan (-1,024), Illinois (-1,000), New York (-625), and Oregon (-565) led the country in terms of reductions in initial claims over the same period.

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