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U.S. Jobless Claims Fell for Third Straight Week

WASHINGTON—The number of Americans applying for first-time unemployment benefits fell last week for the third consecutive time, the latest sign of steady job creation.

Initial jobless claims, a proxy for layoffs across the U.S., fell 4,000 to a seasonally adjusted 232,000 in the week ended May 13, the Labor Department said Thursday. Economists…

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