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US Initial Claims Surprise Lower

DATA REACT
  • Initial jobless claims were a little better than expected at 198k (SA, cons 206k) for the week ending Dec 25 after a fractionally upward revised 206k.
  • The print should have limited market impact: it’s not a survey week for payrolls and the continued trend improvement simply confirms that insured claims are historically low, with the 4wk average of 199k the lowest since Oct 1969.

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