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Initial unemployment claims above in the 23.>

US DATA
US DATA: Initial unemployment claims above expectations in the Feb 23 
holiday wk, +8k to 225k vs 220k expected by MNI survey. 
- The 4-wk moving avg -7,000 to 229,000 in the Feb 23 wk. The avg would 
fall further next week if there is no change from this week's headline 
figure as the 235k level in Feb 2 week rolls out.
- Continuing claims +79k to 1.805m in the Feb 16 survey wk, +91k from 
the Jan 12 survey week. The 4-wk avg +6,750 to 1.762m.
- Claims were not estimated for any states.

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