New unemployment claims improved more than expected last week, further reflecting a tight labor market and relatively low levels of firings and layoffs.
The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:
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Initial jobless claims, week ended March 12: 214,000 vs. 220,000 expected, 227,000 during prior week
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Continuing claims, week ended March 5: 1.419…
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