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Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 268,000 for the week ended May 21, the Labor Department said on Thursday. Economists polled by Reuters had forecast initial claims falling to 275,000 in the latest week. While the two consecutive weeks of decline helped to unwind some of the jump in claims between late April and early May, the trend in jobless claims has become less favorable.
ROME (Reuters) - A migrant boat capsized in the Mediterranean on Thursday, an Italian coastguard spokesman said, and some 80 people are feared to have drowned while 24 have been rescued by coastguard vessels. It is the second deadly incident in two days, after five were confirmed to have died when a large fishing boat flipped over on Wednesday. (Reporting by Steve Scherer, editing by Isla Binnie)
NEW YORK (AP) — Shots rang out inside a concert venue in New York City where hip-hop artist T.I. was getting ready to perform, leaving one person dead, three others wounded and concertgoers scrambling for the nearest exits, police said.