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Jefferies economist Tom Simons on.....>

US DATA REACT
US DATA REACT: Jefferies economist Tom Simons on weekly claims modest rise to
230k, said the "swing to historically low levels and the stability of the past
couple of weeks is encouraging" after " the past several weeks we have been
highlighting the extreme volatility in claims at the beginning of the year due
to seasonal job churn and difficulty in the seasonal adjustment process around
holidays" Simons said he viewed today's data "as evidence of further downward
pressure on the unemployment rate." 

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