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Another Beat For Jobless Claims Data

US DATA
  • Initial jobless claims were lower than expected at a seasonally adjusted 208k (cons 211k) in the week to Apr 27 after a slightly upward revised 208k (initial 207k).
  • The four-week average dropped 4k to 210k, its lowest since early March. It sits between lows of 201k in January and the 2019 average of 218k.
  • Continuing claims were also lower than expected at 1774k (cons 1790k) in the week to Apr 20, and as with initial claims were unchanged on the week after a downward revised 1774k (initial 1781k).
  • It leaves seasonally adjusted continuing claims at their lowest since the turn of the year and before that Jul’23.

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