Initial jobless claims fell by 13,000 to 228,000 in the week ended May 3, the Labor Department said Thursday. That's a return to recent trends. Despite uncertainty over trade policy, companies are not moving to cut cuts through layoffs.
Economists polled by The Wall Street Journal had estimated new claims would fall by 11,000 to 230,000.
This is breaking news. Check back for updates here.
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-Greg Robb
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Source: Marketwatch
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