Jobless claims drop to lowest level in three weeks, supporting Fed’s assessment that labor market is solid - MarketWatch
1. Initial jobless claims fell by 16,000 to 207,000, lowest in three weeks. 2. Economists expected claims to rise, indicating stronger labor market conditions. 3. Unemployment benefits recipients dropped by 39,000 to 1.89 million. 4. Fed reports labor market is stable, influencing monetary policy decisions. 5. Market reaction shows mixed stocks and lower treasury yields amidst claims drop.