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June 6, 2008

Weekly jobless claims down

In the week ending May 31, 357,000 Americans filed for unemployment insurance benefits for the first time, a decrease of 18,000 from the previous week's revised figure of 375,000, according to the U.S. Department of Labor.

The 4-week moving average was 368,500, a decrease of 2,750 from the previous week.

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