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The drop in jobless claims to 3,839K in the week ended April 25, from 4,442K in the previous week, leaves the data still terrible, but markedly less terrible than at the 6,867K peak in late March.
We fully expect to see the third straight decline in initial jobless claims in today's report for the week ended April 18.
What are Near-Real-Time data Telling us about the State of the U.K. Economy's Recovery?
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