
Initial jobless claims saw their sharpest decline since November, while continuing claims reached their highest level in over a month.
US initial jobless claims dropped by 23,000 to 206,000 for the week ending February 14, marking the largest decline since last November and below expectations of 225,000. Continuing claims rose to 1.87 million, the highest since early January, indicating mixed signals in the labor market with fewer new layoffs but more ongoing unemployment.