Closest thing to good news in the labor market yet, but we're still in holy crap territory and continuing claims
are at new record.
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The number of U.S. workers filing new claims for jobless aid unexpectedly fell by 34,000 last week, Labor Department data showed on Thursday, while a four-week average of new claims declined for a fourth straight week.
Initial claims for state unemployment insurance benefits dropped to a seasonally adjusted 601,000 in the week ended May 2 from a revised 635,000 the prior week, the Labor Department said. It was the lowest reading since late January.
