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Weekly U.S. Jobless Claims Fall to 193,000

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Introduction© Reuters. By Scott Kanowsky -- The number of Americans filing for unemployment insurance unexp ...

Weekly U.S. Jobless Claims Fall to 193,<strong>Aihua foreign exchange</strong>000 - Labor Department© Reuters.

By Scott Kanowsky 

-- The number of Americans filing for unemployment insurance unexpectedly dropped to its lowest mark since April last week, according to data from the Labor Department.

Weekly U.S. Jobless Claims Fall to 193,000

Initial jobless claims for the week ending on September 24 fell on a seasonally-adjusted basis to 193,000, sinking from a downwardly revised reading of 209,000 in the previous period. Economists had expected the figure to climb to 215,000.

The four-week moving average, which aims to smooth out volatility in the series, also came in at 207,000, a decrease of 8,750 from the prior week.

Meanwhile, continuing claims - a common proxy for hiring - extended a recent streak of declines by 29,000 to 1.347 million.

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