Jobless Claims Climb to Five-Week High

Source: US Labor Department

Unemployment claims in the United States rebounded in the first full week of April, hitting the highest level in five weeks. DXY is up 0.36%, while Gold is down 0.24%.

• Seasonally adjusted initial claims increased by 18,000 to 185,000 from the previous week’s upward revised level of 167,000. This is the highest since March 5’s 198,000.
• The four-week moving average climbed by 2,000 to 172,250 from the previous week’s upward revised 170,250.
• The seasonally adjusted insured unemployment rate for the week ending April 2 stood at 1.1%, unchanged from the previous week.
• Insured unemployment was 1.475 million, marking a 48,000 decline from the previous week’s unrevised level of 1.523 million.
• The biggest jumps were in Ohio, Pennsylvania, California, Illinois, and Florida.
• The largest declines were in Michigan, Texas, New Jersey, Kentucky, and New York.