ECONODAY: Initial jobless claims fell sizably in the May 21 week, down 10,000 to a lower-than-expected 268,000. But the 4-week average, reflecting three prior weeks of increases, is still rising, up 2,750 to a 278,500 level that is more than 20,000 above the month-ago comparison. This comparison points to trouble for the May employment report...
