Initial jobless claims unexpectedly fall in past week

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Jobless claims memo stick and pile of documents.

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Initial jobless claims for the week ended August 23 stood at 229K, vs. 231K consensus and revised 234K in the prior week, the Department of Labor said on Thursday.

The 4-week moving average was 228.50K, vs. the previous week's revised 226.00K. 

Continuing claims were 1.954K, vs. 1,970K consensus and revised 1,961K in the prior week.

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