US initial jobless claims rose back to 1416k, above expectations

<p>US initial jobless claims rose 109k to 1416k in the week ending July 18, above expectation of 1280k. Four-week moving average of initial claims dropped -16.5k to 1360k. Continuing claims dropped -1107k to 16197k in the week ending July 11. Four-week moving average of continuing claims dropped -759k to 17505k. Full release here.</p>
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