US initial jobless claims dropped -39k to 547k in the week ending April 17, better than expectation of a rise to 642k. That’s also the lowest level since March 14, 2020. Four-week moving average of initial claims dropped 28k to 651k, lowest since March 14, 2020 too.
Continuing claims dropped -34k to 3674k in the week ending April 10, lowest since March 21, 2020. Four-week moving average of continuing claims dropped -42k to 3713k, lowest since March 28, 2020.
