US initial jobless claims surged to 853k, continuing claims rose to 5.8m

<p>US initial jobless claims rose 137k to 853k in the week ending December 5, well above expectation of 723k. Four-week moving average of initial claims rose 35.5k to 776.0k. Continuing claims rose 230k to 5757k in the week ending November 28. Four-week moving average of continuing claims dropped -260k to 5936k. Full release here. CPI [&#8230;]</p>
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