The U.S. Labor Department reported the Initial Jobless Claims for the week ended February 18 were unchanged from a revised estimate of 351 thousand in the prior week, below expected estimate of 355 thousand.

Still, new U.S jobless claims are hovering around its lowest levels since the early days of the 2007-2009 recession, adding to signs the weakened labor makret is picking up.

Continuing claims for the week ended February 11 came in at 3392 thousand, compared to the prior revised estimate of 3444 thousand, beating median estimates of 3455 thousand.