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Market Impact: 0.2
U.S. Jobless Claims Unexpectedly Edge Down To 197,000
Source: Nasdaq
Economic DataMonetary Policy
Initial U.S. jobless claims unexpectedly edged lower in the week ended September 26, signaling continued labor-market resilience ahead of the Labor Department's more closely watched monthly employment report. The data modestly reduces near-term concerns about a sharp deterioration in employment conditions, though its market impact is likely limited pending the jobs report.
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