US initial jobless claims dropped to 712k, continuing claims down to 6.2m

<p>US initial jobless claims dropped -75k to 712k in the week ending November 28, below expectation of 770k. Four-week moving average of initial claims dropped -11.25k to 739.5k. Continuing claims dropped -569k to 5520k in the week ending November 21. Four-week moving average of continuing claims dropped -426k to 6194k. Full release here.</p>
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