US initial jobless claims dropped -17k to 232k in the week ending February 19, slightly below expectation of 239k. Four-week moving average of initial claims dropped -7k to 236k.
Continuing claims dropped -112k to 1476k in the week ending February 12, lowest since March 14, 1970. Four-week moving average of continuing claims dropped -49k to 1576k, lowest since June 30, 1973.
