Initial Jobless Claims Misses For 4th Week In A Row; Hovers Near Cycle Lows

On a revised basis, initial claims dropped 2k this week but marginally missed expectations at 312k. This is the 4th week in a row of marginal misses - none of which were large enough to get to excited about but it appears the limit has been reached in this cycle. Continuing claims rose for only the 2nd time in 10 weeks.

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