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Weekly Initial Unemployment Claims
The market (from Bloomberg) was expecting the weekly initial unemployment claims at 252 K to 275 K (consensus 270,000) vs the 255,000 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 267,250 (reported last week as 267,500) to 265,000. The rolling averages generally have been equal to or under 300,000 since August 2014.