U.S. weekly jobless claims rise; productivity plunges at fastest pace in 74 years

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WASHINGTON, May 5 (Reuters) - New claims for U.S. unemployment benefits increased to a more than two-month high last week, but remained at a level consistent with tightening labor market conditions and further wage gains that could keep inflation hot for a while. The report from the Labor Department on Thursday also showed the number of Americans collecting state unemployment checks was the small...

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