US Initial Jobless Claims Rebound
Initial jobless claims in the US rose by 5,000 from the previous week to 219,000 on the period ending February 15th, ahead of market expectations of 215,000.
In the meantime, recurring claims were at 1,869,000 after the first week of February, loosely in line with market expectations of 1,870,000.
The data continued to show that the US labor market remains at historically tight levels despite the slight softening since its post-pandemic peak, in line with the rhetoric from FOMC members.
Source: Trading Economics