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1. Key Data

  • Week ending 5/17: 227,000 claims (lowest since the week of 4/19)

  • Compared to expectations: Lower than forecast by 230,000

  • Last week: 229,000 (revised from 228,000)

2. Economic Analysis

  • Positive signals:
    • The labor market remains stable
    • Inflationary pressures may ease slightly