US initial jobless claims dropped to 5245k, continuing claims hit 11.98m

<p>US initial jobless claims dropped -1370k to 5245k in the week ending April 11. Four-week moving average of initial claims rose 1241k to 5509k. Continuing claims rose 4.53m to 11.98m in the week ending April 4. Four-week moving average of continuing claims rose 2.57m to 6.07m. Full release here.</p>
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