US initial jobless claims dropped to 1427k, continuing claims down to 19.3m

<p>US initial jobless claims dropped -55k to 1427k in the week ending June 27, above expectation of 1350K. Four-week moving average of initial claims dropped -117.5k to 1504k. Continuing claims rose 59k to 19290k in the week ending June 20. Four-week moving average of continuing claims dropped -494.5k to 19854k. Full release here.  </p>
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