Jobless claims fall to a better-than-expected 215,000

New unemployment claims dropped and remained near "historically-low levels" for the week ending Feb. 26, "as the labor market stays tight following a decline in COVID-19 cases," The Wall Street Journal reported Thursday.

Initial jobless claims, which are seen as a proxy for layoffs, fell by 18,000 to a seasonally-adjusted 215,000 for the last week, "down from the revised 233,000 the week before," the Journal writes, per a Thursday Labor Department report. The 215,000 total was also the lowest since the start of the year and below the Wall Street estimate of 225,000, per CNBC.

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