Jobless claims, total unemployment level worse than expected

First-time claims for unemployment insurance were expected to total 1.775 million last week, according to economists surveyed by Dow Jones.

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Private payrolls decline by 2.76 million in May, ADP says, a much smaller drop than feared

The reported total was well below the 8.75 million estimate from economists surveyed by Dow Jones. The reason for the wide disparity was not immediately clear.

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