US initial jobless claims dropped slightly to 787k, continuing claims dropped to 5.07m

<p>US initial jobless claims dropped -3k to 787k in the week ending January 2, below expectation of 798k. Four-week moving average of initial claims dropped -18.8k to 818.8k. Continuing claims dropped -126k to 5072k in the week ending December 26. Four-week moving average of continuing claims dropped -177k to 5274k. Full release here.</p>
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