US initial jobless at 213,000
- US initial jobless claims declined by 1,000 to 213,000 in early March, slightly below the 215,000 forecast.
- The number was consistent with trends seen over recent weeks.
- Continuing claims dropped by 21,000 to 1.85 million in late February.
- The data contrasts with softer signals from the latest Labor Department jobs report.
- Overall, the market continues to show steady employment with few layoffs.
- Claims from federal employees rose by 88 to 617 as shutdown risks remained in focus.