US initial jobless claims dropped to 779k, continuing claims dropped to 4.6m

<p>US initial jobless claims dropped -33k to 779k in the week ending January 30, better than expectation of 850k. Four-week moving average of initial claims dropped -1.25k to 848.3k. Continuing claims dropped -193k to 4592k in the week ending January 23. Four-week moving average of continuing claims dropped -120k to 4882k. Full release here.</p>
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