That is the number of applications for unemployment benefits that were filed last
week, ending May 14, marking the second week of sharp drops. In the
week ending May 7, these initial jobless claims were at 438,000.
Economists initially predicted that jobless claims for last week would reach about 420,000, but now believe the number will dip below 400,000 next week. The
relatively more optimistic numbers moves the number of jobless claims back to where
they were a month ago.
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