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US weekly initial jobless claims fall more than expected

Seasonally adjusted initial claims for U.S. unemployment benefits fell to 206,000 in the week that ended Dec. 8 from the previous week's revised level of 233,000, the U.S. Labor Department reported.

The Econoday consensus estimate was 228,000.

The four-week moving average fell to 224,750 from 228,500.

The seasonally adjusted insured unemployment rate moved 0.1 percentage point higher to 1.2% in the week that ended Dec. 1. Insured unemployment during the week rose to 1,661,000 from 1,636,000.