US: Initial Jobless Claims fell to 341K

According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits fell by 27K last week to a seasonally adjusted 341K in the week ended February 10, below expectations at 360K and coming from 368K (revised) in the previous print.

Continuing claims, which reflect people already receiving benefits, decreased by 110K to a seasonally adjusted 3.114 million in the week ended February 3 vs. 3.224 million in the previous week (revised).