Unemployment Claims Down 8K, Lower Than Expected

Initial jobless claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. In the week ending February 10, initial jobless claims were at a seasonally adjusted level of 212,000, a decrease of 8,000 from the previous week's revised figure. The latest reading is lower than the forecast of 219,000.

Here is the opening statement from the Department of Labor:

In the week ending February 10, the advance figure for seasonally adjusted initial claims was 212,000, a decrease of 8,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 218,000 to 220,000. The 4-week moving average was 218,500, an increase of 5,750 from the previous week's revised average. The previous week's average was revised up by 500 from 212,250 to 212,750.