The data from the Labor Department revealed on Thursday the number of applications for unemployment benefits fell last week, indicating the labor market remains very robust.

According to the report, the initial claims for unemployment benefits decreased by 15,000 to a seasonally adjusted 202,000 for the week ended February 1, the lowest level since April 2019.

Economists had expected 215,000 new claims last week.

Claims for the prior week were revised upwardly to 217,000 from the initial estimate of 216,000.

Meanwhile, the four-week moving average of claims dropped by 3,000 to 211,750 last week, also the lowest reading since last April.