<ul><li>Initial jobless claims dropped by 2,000 during the week ended May 17, indicating resiliency in the labor market.</li><li>The four-week moving average of initial claims was 231,500, 1,000 higher than the previous week's average.</li><li>Analysts view the decline in claims as a positive sign, highlighting a healthy job market with companies maintaining staffing levels.</li><li>Walmart plans to cut 1,500 corporate jobs in tech, eCommerce, and advertising as part of efforts to 'sharpen focus.'</li></ul>

Jobless Claims Drop by 2,000, Showing Resiliency in Labor Market

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