US Jobless Claims Declined by 5,000 Last Week

Source: Department of Labor

US jobless claims for the week that ended April 23 was 180,000, down by 5,000 from the previous week. DJI is up +0.44%, DXY is u +0.61%.

• On a four-week moving average, the jobless claims rose by 2,250 to 179,750.
• The continuing claims declined by 1,000 to 1.41 million. The claims were at the lowest since February 7, 1970.
• The initial claims under the state programs were 202,983 in the week to April 23, up by 2.5% or 5,005 from the previous week. The increase was lower compared to an expected gain of 5.2% or 10,371. 
• The continuing claims under state programs fell by 1.3% or 19,779 to 1.45 million. The decline was higher than expected fall of 1.2% or 18,323.
• The initial claims rose the highest in Connecticut, New Jersey, Rhode Island, Montana, and Maryland. The claims fell the highest in Missouri, Michigan, New York, Ohio, and Texas.