Another week, another jobless report that surprises economists. Jobless claims unexpectedly fell for the week, according to the weekly survey from the Department of Labor.
- The advance figure for seasonally adjusted initial claims fell to 190,000 for the week ending February 25th, a decrease of 2,000 from the previous week and lowest level since the start of the month.
- Economists had projections of a slight increase to 195k.
Continuing Claims. The advance number for seasonally adjusted insured unemployment fell to 1,655,000 for the week ending February 18th, a decrease of 5,000 from the previous week and better than economist predictions of an increase to 1.665M.