US initial jobless claims dropped -18k to 228k in the week ending April 1, above expectation of 200k. Four-week moving average of continuing claims dropped -4k to 238k.
Continuing claims rose 6k to 1823k in the week ending March 25, highest level since December 11, 2021. Four-week moving average continuing claims rose 10.5k to 1804k, highest since November 13, 2021.
