Following a recent downward trend, first-time claims for U.S. unemployment benefits rebounded by more than anticipated in the week ended May 11th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims rose to 360,000, an increase of 32,000 from the previous week's revised figure of 328,000. Economists had expected claims to climb to 330,000 from the 323,000 originally reported for the previous week.
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