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Leading Economic Indicators

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JEKYLL ISLAND, Ga. (AP) — Republican governors running for reelection have begun trumpeting the party’s more hands-off approach to the coronavirus pandemic, trying to flip the script on an issue that helped Democrats win the White House and control of Capitol Hill in 2020.

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SANTA FE, N.M. (AP) — New Mexico Gov. Michelle Lujan Grisham vowed Friday to replenish the state's indebted unemployment insurance trust fund with federal relief funds to avoid future tax increases to businesses and said a $300 weekly federal bonus to unemployment benefits will continue through the expiration date in September.

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OLYMPIA, Wash. (AP) — Gov. Jay Inslee on Wednesday named Cami Feek as commissioner of the state’s Employment Security Department, which last year temporarily suspended unemployment benefits payments after discovering that criminals had used stolen Social Security numbers and other personal information to file fraudulent claims.

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NEW YORK (AP) — After feeling the thrill of victory early this year by singlehandedly causing GameStop’s stock to soar — only to get crushed when it quickly crashed back to earth — armies of smaller-pocketed and novice investors are back for more.

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A slide in banks and industrial companies nudged stocks on Wall Street to modest losses Wednesday after an early gain faded in the last half-hour of trading. Stocks championed by hordes of online retail investors, the “meme” stocks as they have become known, were volatile once again.

President Joe Biden portrayed the May jobs report as a jumping off point for more spending on infrastructure and education to keep growth going — essentially an argument for his agenda. But the employment numbers issued Friday also hinted at the possible limits of how much government aid can be pumped into the world's largest economy.

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President Joe Biden portrayed the May jobs report as a jumping off point for more spending on infrastructure and education to keep growth going — essentially an argument for his agenda. But the employment numbers issued Friday also hinted at the possible limits of how much government aid can be pumped into the world's largest economy.

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WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining its health as the economy further reopens.

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