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5/1: MetroIntelligence Economic Update by P. DUFFY

3.8 million more workers apply for unemployment In the week ending April 25, initial unemployment claims were 3,839,000, a decrease of 603,000 from the previous week’s revised level. Over the last six weeks, 30.3 million workers have applied for unemployment (18.6 percent of the workforce), suggesting an overall official unemployment rate of just over 22 percent when adding in…

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