US jobless claims came in lower than expected at 196,000, suggesting labor market resilience.
Macro & Markets ·
Initial jobless claims in the U.S. reached 196,000, falling short of the 207,000 forecast and declining from the prior week's 206,000. Continuing claims totaled 1.730 million, also beating the projected 1.780 million and down from 1.774 million previously.