US initial jobless claims rose to 248k, slightly below expectation

<p>US initial jobless claims rose 12k to 248k in the week ending July 1, slightly below expectation of 249k. Four-week moving average of initial claims dropped -3.5k to 253k. Continuing claims dropped -13k to 1720k in the week ending June 24. Four-week moving average of continuing claims dropped -9k to 1747k. Full US jobless claims […]</p>
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