US initial jobless claims dropped -15k to 202k in the week ending February 1, below expectation of 210k. Four-week moving average of initial claims dropped -3k to 211.75k. Continuing claims rose 48k to 1.751m in the week ending January 25. Four-week moving average of continuing claims dropped -13.25k to 1.742m.
Non-farm productivity rose 1.4% in Q4, matched expectations. Unit labor costs rose 1.4%, above expectation of 0.9%.
