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US initial jobless claims falls to 216k, vs exp 231k

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US initial jobless claims fell -12k to 216k in the week ending October 26, below expectation of 231k. Four-week moving average of initial claims fell -2k to 237k.

Continuing claims fell -26k to 1862k in the week ending October 19. Four-week moving average of continuing claims rose 11k to 1869k., highest level since November 27, 2021.

Full US jobless claims release here.

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