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US weekly jobless claims fall to 245,000

Initial claims for unemployment benefits in the U.S. decreased by 10,000 to a seasonally adjusted 245,000 for the week ended June 3, according to the U.S. Department of Labor.

The previous week's level was revised up to 255,000 from 248,000. The four-week moving average increased to 242,000 from the previous week's revised average of 239,750.

The advance seasonally adjusted insured unemployment rate for the week ended May 27 was unchanged at 1.4%. Insured employment decreased by 2,000 from the previous week's revised level to 1,917,000.