US unemployment swells adding to poor US data
Initial jobless numbers came in at 357k, while continuing jobless claims swelled to 3050k.
Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. Continuing Jobless Claims measures the number of unemployed individuals who qualify for benefits under unemployment insurance.
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