US initial jobless claims 222K vs. 230K expected

Continuing claims come in at 1875K vs. 1935K expected

US initial jobless claims came in better-than-expected at 222K versus 230K. The prior week was revised down to 229K versus 230K.

• continuing claims came in at 1875K versus 1935K expected. The prior week was revised to 1948K from 1942K
• the four-week jobless claims moving average fell to 226K from 228.25K
• The largest increases in initial claims for the week ending February 10 were in Michigan (+565), Tennessee (+291), Kansas (+204), Minnesota (+190), and New Jersey (+186),
• The largest decreases were in California (-2,533), Pennsylvania (-1,420), Puerto Rico (-1,366), New York (-1,043), and South Carolina (-569).