Jobless Claims Drop Slightly While Continuing Claims Edge Up
- Initial jobless claims fell by 8K to 212K vs 219K expected last week
- Four-week moving average of claims rose to 218,500 from 212,750 prior week
- Continuing claims were 1.895M vs 1.880M expected and 1.865M prior week
- Insured unemployment rate was 1.3% vs 1.2% prior week
- Unadjusted claims fell by 12,565 vs a projected drop of 3,523
