Unforeseen Surge in Initial Jobless Claims Unforeseen Surge in Initial Jobless Claims

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By Ronald Tech

Jobless claims memo stick and pile of documents.

Unexpectedly, the number of initial jobless claims for the week ended Jan. 27 surged by 9,000 to 224,000. This marked a notable deviation from the anticipated 213,000 and the previous week’s revised figure of 215,000 (initially reported as 214,000).

The four-week moving average settled at 207,750, reflecting an increase of 5,250 from the revised range of the preceding week.


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