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HomeLive CommentsUS initial jobless claims dropped to 400k, worse than expected

US initial jobless claims dropped to 400k, worse than expected

US initial jobless claims dropped -24k to 400k in the week ending July 24, above expectation of 365k. Four-week moving average of initial claims rose 8k to 394.5k.

Continuing claims rose 7k to 3269k in the week ending July 17. Four-week moving average of continuing claims dropped -54k to 3291k, lowest since March 21, 2020.

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