U.S. private payrolls rise in May; weekly jobless claims fall

June 2, 2016 1:11 PM

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U.S. private payrolls rise in May; weekly jobless claims fall

WASHINGTON U.S. private employers increased hiring in May and new applications for jobless benefits fell last week, further boosting the economic outlook for the second quarter.

Another report on Thursday showed planned layoffs by U.S.-based employers fell 53 percent to a five-month low last month.

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