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Initial Claims: Trend Not Disrupted
Initial claims rise a more than expected 28,000 to 326,000 (Consensus: +13,000 to 310,000; DE: +18,000) from a prior-week level revised up by 1,000. Continuing claims drop 13,000, following declines of 85,000 and 10,000 the prior two weeks. The Labor Department cited no special factors.