US initial jobless claims dropped -13k to 553k in the week ending April 24, below expectation of 560k. Four-week moving average of initial claims dropped -44k to 612k, lowest since March 14, 2020.
Continuing claims rose 9k to 3660k in the week ending April 17. Four-week moving average of continuing claims dropped -23k to 3684k, lowest since March 28, 2020.
