US initial jobless claims dropped -15k to 214k in the week ending March 12, better than expectation of 221k. Four-week moving average of initial claims dropped -9k to 223k.
Continuing claims dropped -71k to 1419k in the week ending March 5, lowest since February 21, 1970. Four-week moving average of continuing claims dropped -42.5k to 1463k, lowest since March 21, 1970.
