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Weekly Initial Unemployment Claims
The market was expecting the weekly initial unemployment claims at 270,000 to 275,000 (consensus 273,000) vs the 271,000 reported. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 277,000 (reported last week as 276,750) to 273,750. The rolling averages generally have been equal to or under 300,000 since August 2014.