Jobless claims fall by 12,000 to 377,000

Fewer Americans applied for unemployment insurance payments last week, showing some progress in the labor market after a two-month slowdown in hiring, according to the U.S. Department of Labor.

The claims figures may ease concern of further labor market weakness after a report last week showed employers in May added the fewest workers in a year, Bloomberg reported.

Read more at Bloomberg.

 

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