US initial jobless claims dropped -13k to 199k in the week ending January 19, below expectation of 215k. That’s the lowest level since November 15, 1969. Four-week moving average of initial claims dropped -5.5k to 215k.
Continuing claims dropped -24k to 1.713M in the week ending January 12. Four-week moving average of continuing claims rose 1.25k to 1.730M.
