
The latest U.S. labor data showed new unemployment filings fell below forecasts, pointing to continued labor market stability in the week ended March 14.
U.S. initial jobless claims fell to 205,000 in the week ended March 14, down from the prior reading of 213,000 and below the 215,000 forecast. The figure marked the lowest level since the week of January 10, indicating fewer new filings for unemployment benefits in the latest reporting period.