Weekly Initial Jobless Claims Fall to 214K

There were 214,000 initial jobless claims in the US in the week ending on 12 March, less than the 220,000 expected and below the week prior, when there were 229,000 claims (revised up from 227,000), data published by the US Department of Labor (DOL) revealed on Thursday. The four-week moving average of initial claims thus fell to 223,000 from 231,750 the week before.