US initial jobless claims dropped -8k to 196k in the week ending April 6, below expectation of 210k. It’s also the lowest since October 4, 1969, which it was 193k. Four-week moving average of initial claims dropped -7k to 207k, lowest since December 6 1969.
Continuing claims dropped -13k to 1.713M. Four-week moving average of continuing claims dropped -11k to 1.735M.
Also from the US, headline PPI accelerated to 2.2% yoy in March, well above expectation of 1.9% yoy. Core PPI slowed to 2.4% yoy, matched expectations.
