US initial jobless claims rose to 248k, above expectation

<p>US initial jobless claims rose 23k to 248k in the week ending February 12, above expectation of 219k. Four-week moving average of initial claims dropped -11k to 243k. Continuing claims dropped -25k to 1593k in the week ending February 5. Four-week moving average of continuing claims dropped -8k to 1626k. Full release here.</p>
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