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flag US jobless claims decreased by 10,000 to 222,000, signaling a strengthening labor market.

flag US jobless claims fell by 10,000 to 222,000 for the week ending May 11, indicating a strengthening labor market. flag The drop follows a previous week's increase attributed to a surge in applications in New York due to school spring breaks. flag The labor market remains healthy, but is gradually rebalancing due to the Federal Reserve's interest rate hikes since March 2022. flag The easing labor market conditions and declining inflation have increased the likelihood of a rate cut in September, according to analysts.

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