Continuing Jobless Claims went down by 27K to reach 1.870M for the week ending March 1.
The Labor Department said initial jobless claims edged down to 220,000, a decrease of 2,000 from the previous week's revised level of 222,000. Continuing Jobless Claims dropped to 1.870M.
US citizens filing new applications for unemployment insurance decreased to 220K for the week ending March 8, as reported by the US Department of Labor (DOL) on Thursday. This print missed initial estimates and was lower than the previous week's revised tally of 222K (revised from 221K).
The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average rose by 1.5K to 226K from the prior week’s revised average.
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