US initial jobless claims rose 37k to 230k in the weekending April 20, well above expectation of 199k. Four-week moving average of initial claims rose 4.5k to 206k. More importantly, it appears the down trend since January is broken.

Continuing claims rose 1k to 1.655m in the week ending April 13. Four-week moving average of continuing claims dropped -25k to 1.688m.

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