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First time jobless claims drop by 11,000

June 6, 2013 at 8:42 AM

WASHINGTON, June 6 (UPI) -- The U.S. Labor Department said first-time jobless benefits claims dropped by 11,000 to 346,000 in the week that ended Saturday.

The department revised last week's estimate from 344,000 to 357,000, which put the four-week rolling average at 352,500, an increase of 4,500 from the previous week.

The largest increases in initial claims for the week that ended May 25 were in California (with 8,622 additional first-time claims), Missouri (with 2,999) and Kentucky (with 1,750).

The largest decreases in the week were in Michigan, where first-time claims dropped by 2,185, North Carolina with a decline of 1,747 and South Carolina with a decline of 867.

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