Initial jobless claims most back below 200 K
- Prior week 211K revised to 212K (the first week above 200K after seven straight weeks below)
- initial jobless claims 192K versus 205K expected
- 4-week moving average of initial jobless claims 196.50K vs 197.25K last week
- continuing claims 1.684M versus 1.715M expected
- prior week of continuing claims 1.718M revised to 1.713M
- 4-week moving average of continuing jobless claims 1.676M versus 1.678M last week
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The initial jobless claims data moves back below the 200K level. Last week the number moved back above the 200,000 number after seven consecutive weeks below. Employment remains strong
