The latest Initial Jobless Claims data showed that 194,000 people filed for unemployment benefits for the first time, which is a decline of 1,000 from the previous week. Continuing Claims, which measure people who continue to receive benefits after their initial claim is filed, rose 16,000 to 1.696 million, the highest amount since the latter part of December.

What’s the bottom line? We are continuing to see a tight labor market where companies are doing their best to hold on to workers. However, Continuing Claims have risen by 350,000 since the low reached last September, which also suggests it’s becoming harder for many to find a job if they are let go.