US initial claims dropped to 3.8m, continuing claims rose to 18m

<p>US initial jobless claims dropped -603k to 3839k in the week ending April 25. Four-week moving average of initial claims dropped -757k to 5033k. Continuing claims rose 2174k to 17.992m in the week ending April 18. Four-week moving average of continuing claims rose 3733k to 13.293m. Full release here.</p>
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