There were 205K Initial Jobless Claims in the week ending March 14, a decrease of 8K from the previous week’s unrevised level, the US Department of Labor (DOL) reported on Thursday. This reading came in better than the market expectation of 215K.
In this period, the 4-week moving average declined by 750 to 210,750.
“The advance number for seasonally adjusted insured unemployment during the week ending March 7 was 1,857,000, an increase of 10,000 from the previous week’s revised level,” the DOL noted in its press release.
Market reaction
The US Dollar Index stays in the lower half of its tight daily range after this data and was last seen losing 0.15% at 100.08.
Source: https://www.fxstreet.com/news/us-weekly-initial-jobless-claims-decline-to-205k-vs-215k-expected-202603191239
