The number of people applying for unemployment benefits in the week ended May 23 increased by 7,000 to 282,000, according to the U.S. Department of Labor. It was the 12th consecutive week that jobless claims remained below 300,000. The 51 economists surveyed by Bloomberg had forecast claims of 270,000. The four-week moving average of new claims rose by 5,000 to 271,500.
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