<ul><li>Applications for US unemployment benefits fell to the lowest level in two months, with initial claims decreasing by 9,000 to 215,000 in the week ending April 12.</li><li>Continuing claims, a proxy for the number of people receiving benefits, rose slightly to 1.89 million in the week ended April 5.</li><li>The four-week moving average of initial claims fell to 220,750, the lowest since mid-February, indicating a stable labor market.</li><li>Federal Reserve Chair Jerome Powell stated that the labor market appears to be in 'solid condition,' despite global economic uncertainty.</li></ul>

US Initial Jobless Claims Decline To Lowest Since Early February

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