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U.S. initial jobless claims at lowest since 1973

Staff Writer |
The most widely-followed measure of initial unemployment claims in the States dipped in the latest week to its lowest since the tail-end of 1973.

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Initial unemployment claims were flat at 246,000 over the seven days ending in 8 October, according to the Department of Labor.

In parallel, the four-week moving average of initial claims slipped by 3,500 to 249,250, its lowest mark since November 3, 1973.

Secondary unemployment claims, those which are not filed for the first time and referencing the week ending on October 1, decreased by 16,000 to reach 2.046m.

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