US initial jobless claims rose 14k to 202k in the week ending March 26, slightly above expectation of 200k. Four-week moving average of initial claims dropped -3.6k to 208.5k.
Continuing claims dropped -35k to 1307k in the week ending March 19. That’s the lowest level since December 27, 1969, when it was 1304k. Four-week moving average of continuing claims dropped -41k to 1389k, lowest since February 7, 1970.
