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U.S. Weekly Jobless Claims Fall More Than Expected

First-time claims for U.S. unemployment benefits fell by more than expected in the week ended April 20th, according to a report released by the Labor Department on Thursday.

The report showed that initial jobless claims fell to 339,000, a decrease of 16,000 from the previous week's revised figure of 355,000.

Economists had expected jobless claims to show a more modest decrease, dipping to 350,000 from the 352,000 originally reported for the previous week.

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