US initial jobless claims dropped -5k to 180k in the week ending April 23, slightly above expectation of 178k. Four-week moving average of initial claims rose 2k to 180k.
Continuing claims dropped -1k to 1408k in the week ending April 16. That’s the lowest level since February 7, 1970, when it was 1397k. Four-week moving average of continuing claims dropped -24.5k to 1455k, lowest since March 14, 1970 when it was 1435k.
