Initial jobless claims fell -7k to 213k last week, mostly in line with the 215k expectation.

• Not seasonally adjusted initial claims fell -10.1k to 231k and were only slightly above 224.0k a year ago.
• Continued claims fell -36k to 1.85 million, dropping below 1.88 million expected. Not seasonally adjusted continued claims fell a larger -58.1k to 2.19 million.
• The insured unemployment rate was unchanged at 1.2%, and the not seasonally adjusted rate of 1.4% (down -0.1 ppt to 1.5%) was the same as a year ago.