US initial jobless claims dropped -29k to 348k in the week ending August 14, better than expectation of 362k. That’s also the lowest level since March 14, 2020. Four-week moving average of initial claims dropped -19k to 378k, lowest since March 14, 2020 too.
Continuing claims dropped -79k to 2820k in the week ending August 7, lowest since march 14, 2020. Four-week moving average of continuing claims dropped -111k to 2999k, lowest since March 21, 2020.
