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Economic Update: Weekly Jobless Claims
The Labor Department reported that initial claims for unemployment insurance for the week ending March 13th fell by 5,000 to 457K, which was a smidge above the expectations for a reading of 455K. Last week’s total was unrevised at 462K.
Continuing Claims for unemployment for the week ending March 6th were also above consensus at 4.579M vs. expectations for 4.522M. For comparison purposes, last week’s revised total was 4.567M (from 4.558M).
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