The number of initial jobless claims in the United States slightly decreased last week, signaling a robust labor market
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The number of initial jobless claims in the United States for the week ending March 1 was 221,000, lower than the market expectation of 235,000 and the previous value of 242,000, indicating a robust labor market. The number of continuing jobless claims was 1.897 million, higher than expected. ADP data showed that employment increased by only 77,000 in February, far below expectations. The market is focused on the upcoming February non-farm payroll report, which is expected to show an increase of 133,000 jobs and an unemployment rate of 4%
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