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A mixed-bag week on the employment front, as jobless claims edged 7,000 higher to 480,000 -- a total well above the 465,000 consensus estimate. Meanwhile, the 4-week moving average fell 5,250 to 467,500.

Modest progress occurred on the employment front as initial jobless claims fell 5,000 to 457,000 for the week ending Nov. 28, the lowest initial jobless claims total in more than a year, the U.S. Labor Department announced Thursday. But continuing claims rose 28,000 to 5.47 million in the...

More good news on the employment front: Initial jobless claims fell 12,000 to 502,000 for the week ending Nov. 7, and continuing claims continued to plunge, falling 139,000 to 5.63 million, the U.S. Labor Department announced Thursday. A Bloomberg News survey had expected initial jobless claims to...