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Story summary
- The U.S. Labor Department said initial unemployment claims fell 26,000 to 189,000 for the week ending April 25.
- Continuing claims dropped 23,000 to a seasonally adjusted 1.785 million for the week ending April 18.
- The four-week moving average of jobless claims fell to 207,500, about 3,500 lower than the prior week.
- The unemployment rate held at 4.3% in April as the Federal Reserve (Fed) kept its benchmark rate in the 3.50%-3.75% range.
