Market expectations for weekly initial unemployment claims (from Econoday) were 725 K to 822 K (consensus 757 K), and the Department of Labor reported 861,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 836,750 (reported last week as 823,000) to 833,250Analyst Opinion of Initial Unemployment Claims