US initial jobless claims dropped -193k to 576k in the week ending April 10, well below expectation of 700k. That’s also the lowest level since March 14, 2020. Four-week moving average of initial claims dropped -47k to 683k, lowest since March 14, 2020 too.
Continuing claims rose 4k to 3731k in the week ending April 3. Four-week moving average of continuing claims dropped -98k to 3763k, lowest since March 28, 2020.
