Market expectations for weekly initial unemployment claims (from Econoday) were 810 K to 915 K (consensus 958 K), and the Department of Labor reported 884,000 new claims. 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 992,500 (reported last week as 991,750) to 970,750
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