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Economic Update: Weekly Jobless Claims
The Labor Department reported that initial claims for unemployment insurance for the week ending March 6th fell by 6,000 to 462K, which was a smidge above the expectations for a reading of 460K. Last week’s revised total was 468K (from 469K).
Continuing Claims for unemployment for the week ending February 27th were also above consensus at 4.558M vs. expectations for 4.5M and last week’s revised total of 4.521M (from 4.5M).
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