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Continuing Claims Claims (Weekly)

The Labor department will release its weekly data on Initial Claims and Continuing Claims for the week ended Jan 29, 2011 at 0830 EST. Economists believe that a moderate unwinding to 442,000 claims for the last week of January would signify the beginning to the end of the volatile season. Claims' current reading confirms that the drastic drop in the middle of the month (from 447k to 403k) had borrowed from weeks ahead, as the unadjusted level improved only half of what seasonals had expected, sending claims up to a seasonally adjusted 454k filings for the week ending January 22nd -- an additional 51k from the week prior.