Initial jobs claims
- Prior week 248K revised to 249K
- Initial jobless claims 232K vs 235K estimate
- 4-week MA initial jobs claims 236.25K vs 243.50K
- Continuing claims 1.476M vs 1.580M estimate down -112K. This is the lowest level since March 14, 1970 when it was at 1.456M
- 4-week MA of continuing claims 1.576M vs 1.625M last week. This is the lowest level since June 30, 1973 and was at 1.570M
- Prior week was revised from 1.593M to 1.588M this week
- The largest increases in initial claims for the week ending February 12 were in Missouri (+7,253), Ohio (+5,392), Kentucky (+4,555), Tennessee (+1,737), and Illinois (+1,488),
- The largest decreases were in Pennsylvania (-1,688), California (-1,618), Wisconsin (-1,034), New Jersey (-941), and Connecticut (-747).
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The data is consistent with a strong employment market.