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Economy & Policy

Take a Look: Jobless Claims Back Below 400K

Initial Jobless Back Below 400,000

Jobless claims fell more than expected last week to the lowest since late February. In total, 381,000 people filed for first-time jobless benefits, well below the consensus estimate of 395,000.

The four-week-moving average, which is a metric used to smooth volatility in the weekly readings, is down for the ninth time in 11 weeks, dipping to 393,250 -- the lowest since early April.