Claims remain near historic lows consistent with strong demand for labor. Initial claims came in at 230,000 for the February 10 week with the 4-week average at 228,500. These levels are roughly 15,000 lower than they were at this time last month in a comparison that points to strength for the February employment report.
Continuing claims, in lagging data for the February 3 week, rose 15,000 to a still very low 1.942 million. This 4-week average is down 6,000 to 1.941 million with the unemployment rate for insured workers holding at only 1.4 percent. There are no special factors in today’s report.”