US initial jobless claims dropped -10k to 202k in the week ending March 30, below expectation of 215k. It’s also the lowest level since December 6, 1969. Four-week moving average of initial claims dropped -4k to 213.5k.
Continuing claims dropped -38k to 1.717M in the week ending March 23. Four-week moving average of continuing claims dropped -8k to 1.743M.
