US: Weekly Initial Jobless Claims declined to 194K

There were 194,000 initial jobless claims in the week ending February 11, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 195,000 and came in slightly better than the market expectation of 200,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 189,500, an increase of 500 from the previous week’s revised average.