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Story summary
- Gasoline prices rose to $4.43 per gallon, the highest level since the Iran conflict began.
- The U.S. Labor Department reported initial unemployment claims increased to 215,000 for the week ending May 23.
- Continuing claims rose by 15,000 to 1.79 million, keeping the total receiving benefits low by historical standards.
- Hiring remained weak, with companies adding 76,000 jobs per month from January through April, below the 122,000-monthly pace in 2024.
