US jobless claims fell -13k to 228k last week, slightly below expectations of 230k.

• Not seasonally adjusted initial claims fell -17.0k to 206.9k, below a year ago.
• Continued claims fell -29k to 1.879 million, slightly below expectations of 1.890 million. The insured unemployment rate fell -0.1 ppts to 1.2%.
• Federal employee claims (UCFE) were basically unchanged at 468, still elevated from a year ago (343).

• Last week, claims jumped 15.4k in NY due to layoffs across multiple industries which was likely the reason for the increase in the headline claims total.