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News Link • Economy - Economics USA

Initial Jobless Jump to 414,000, Last Week Revised Higher

Initial jobless claims MISSED expectations, jumping 414K. That's worse than the 405K that analysts had expected, and the upwardly revised 412K from last week. Meanwhile, the trade deficit came in much narrower than expected at $44.8 billion. Markets are drifting lower right now. NASDAQ futures are off about 0.2% That's not too dramatic considering the huge gains yesterday.

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