RTTNews - First time claims for unemployment benefits showed a modest decrease in the week ended May 30th, according to a report released by the Labor Department on Thursday, with the report also showing a decrease in continuing claims.

The report showed that initial jobless claims fell to 621,000 from the previous week's revised figure of 625,000. Economists had been expecting jobless claims to edge down to 620,000 from the 623,000 originally reported for the previous week.

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