Initial jobless claims unexpectedly fall as cooling labor market holds steady

Initial jobless claims unexpectedly fell to 202,000 for the week ended March 28, indicating a more resilient labor market than anticipated. The data may influence the Federal Reserve's monetary policy decisions and impact bond yields and eq

• Initial jobless claims fell to 202,000, below expectations.
• The data suggests a cooler but stable labor market, impacting Fed policy outlook.