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US initial jobless claims rise unexpectedly; 4-week average claims hit 18-month low

Financial World
Financial World
 23 days ago
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On Thursday, the US Labour Department data had unveiled that the number of Americans filing for first-time state unemployment benefits rose unexpectedly last week, mostly led by an upsurge in jobless claims in the US state of California and Virginia, however, a four-week average of claims had dwindled to a soothing 18-month low, illustrating an underlying resilience in US labour market with a steady recovery on-board.

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