WASHINGTON: The number of Americans filing new claims for unemployment benefits edged down last week, showing no signs yet that the recent financial market turbulence following the failure of two regional banks was having an impact on the economy.

Initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 192,000 for the week ended March 18, the Labor Department said on Thursday. Economists polled by Reuters had forecast 197,000 claims for the latest week.

Claims have bounced around in a tight range this year, remaining very low by historical standards, despite a rush of layoffs by major technology companies.

With 1.9 job openings for every unemployed person in January, employers are generally reluctant to let go of workers.

Economists expect labor market conditions to loosen, especially in the wake of the collapse of Silicon Valley Bank in California and Signature Bank in New York. Financial conditions have tightened, which could cause banks to become more strict in extending credit, potentially impacting households and small businesses, who have been the main drivers of job growth.

That was acknowledged by the Federal Reserve, which on Wednesday raised its benchmark overnight interest rate by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs.