US initial jobless claims to remain low in the near term - Nomura

Analysts at Nomura expect US initial and continuing claims to remain low in the near term as the labor market improves further.

Key Quotes

“Initial claims remained subdued during the week ending 10 March and their four-week moving average continued to fall gradually, highlighting continued strength in the labor market. The insured unemployment rate sits at 1.3% — its historical low. Labor-related indicators of the business surveys for March so far suggest labor market strength remains firm.”