Initial jobless claims fall more than expected in past week

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Initial jobless claims for week ended July 5: -5K to 227K vs. 236K consensus and 232K prior (revised from 233K), according to data released by the Department of Labor on Thursday.

Continuing claims for week ended June 28: 1.965M vs. 1.980M consensus and 1.955M prior (revised from 1.964M).

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