U.S. Jobless Claims Drop Sharply, Signaling Strengthening Labor Market

Jobless Claims See Largest Drop Since November

New U.S. jobless claims fell by 23,000 to 206,000 for the week ended February 14, marking the largest decline since last November.

This figure beat nearly all expert forecasts and indicates that layoffs remain low, reinforcing signs of a stabilizing labor market.

Impact of Winter Storms Fades

Workers temporarily displaced by severe winter weather in late January have largely returned to their jobs, further supporting the resilience of the labor market.

Rising Continued Claims

While initial claims fell, the number of people continuing to claim unemployment benefits rose to 1.87 million, the highest since early January, suggesting some job seekers are still in transition.

• Initial jobless claims: 206,000 (down 23,000)
• Continued claims: 1.87 million (up)
• Overall labor market shows signs of stabilization