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Weekly Initial Unemployment Claims
The market (from Bloomberg) was expecting the weekly initial unemployment claims at 267 K to 285 K (consensus 275,000) vs the 293,000 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 278.500 (reported last week as 278.750) to 285,000. The rolling averages generally have been equal to or under 300,000 since August 2014.