The U.S. Labor Department said first-time jobless benefits claims dropped by
23,000 to 340,000 in the week that ended Saturday.
The department revised last week's estimate from 360,000 to 363,000, meaning the prior week's gain in initial claims filed came to 35,000, not 32,000.
The four-week rolling average for the week fell by 500 to 339,500.
The largest increases in initial claims for the week that ended May 11 were in California (15,060), North Carolina (1,826) and Mississippi (1,341).
The largest decreases were in New Mexico (754), Oregon (751) and New Jersey (747).
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