Claims data and the market response
Initial jobless claims remained low for the week ended 9/30 at 207k, 3k less than expected and vs 205k last week. The 4 week average fell to 209k from 211k and that is the least since mid February. For the week ended 9/23, continuing claims fell a slight 1k to 1.664mm which is just off the smallest amount since January.
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