Jobless claims were 207k last week, down -16k from the week before. Not seasonally adjusted claims fell -57k to 227k. Both of these totals point to a strong and stable labor market. Continued claims also fell, down -42k to 1.86 million and just 29k above a year ago. The insured unemployment rate remains unchanged at 1.2%, and the not seasonally adjusted insured unemployment rate fell -0.1 ppts to 1.4%.