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Seasonally adjusted initial jobless claims came in well above expectations today, rising from 202K to 229K.
Compared to the seasonally adjusted number, whose 27K increase was the largest since July of last year, unadjusted claims experienced a meager 1K uptick relative to last week.
As the unadjusted initial claims number saw little change, continuing claims - lagged an additional week to the initial claims number - were unchanged week over week.