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US initial jobless claims edge down by 1,000

U.S. initial claims for unemployment benefits edged down by 1,000 in the week ending Jan. 27, after rebounding strongly in the previous week from a 45-year low, the U.S. Labor Department said.

First-time claims totaled 230,000 for the week, down from the previous week's revised level of 231,000 and below Econoday's consensus estimate of 235,000. The four-week moving average decreased by 5,000 to 234,500 from the previous week's revised average of 239,500.

The department said claims-taking procedures continue to be disrupted in Puerto Rico and the Virgin Islands.

The advance seasonally adjusted insured unemployment rate remained unchanged at 1.4% for the week ended Jan. 20 from the previous week. Insured unemployment rose by 13,000 to 1,953,000 from the previous week's level, which was revised up to 1,940,000.