US initial jobless claims dropped -18k to 215k in the week ending February 25, better than expectation of 235k. Four-week moving average of initial claims dropped -5k to 230.5k.
Continuing claims rose 2k to 1476k in the week ending February 19. Four-week moving average of continuing claims dropped -36k to 1540k, lowest since April 4, 1970.
