Initial claims for state unemployment benefits
Tensions and weak retail earnings added to worries about the pace of a recovery from a coronavirus fueled economic slump. Initial claims for state unemployment benefits totaled a seasonally adjusted 2.438 million for the week ended [ Millions more Americans filed for unemployment benefits last week as backlogs continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May. Petroleum inventories show signs of stabilizing as domestic crude production and imports slow while refinery processing gradually increases from last month crisis lows.
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