U.S. jobless claims dip below two million, road to recovery rocky
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WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19.Other data on Thursday showed a jump in the trade deficit in April as the pandemic upended the global flow of goods and services, pushing exports to a 10-year low. The reports buttressed expectations the economy's recovery from the..