JOBLESS CLAIMS FALL MORE THAN EXPECTED

The U.S. Department of Labour says initial jobless claims fell 25,000 last week to 319,000.

Expectations are for a reading of 325,000, down from a revised 345,000 last week.

The four-week moving average was 324,750, an increase of 4,500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 320,000 to 320,250.

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Here’s what the four-week moving average has looked like recently:

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