US Jobless Claims Plunge to 52-Year Low

Source: US Department of Labor

Unemployment claims in the United States declined for the second straight week to the lowest level in 52 years. DXY is up 0.24%, while Gold is up 0.24%.

• Initial claims for the week ending March 19 fell by 28,000 to 187,000 from the previous week’s upward revised 215,000.
• the latest reading is the lowest for initial claims since the level stood at 182,000 on September 6, 1969.
• The four-week moving average slipped by 11,500 to 211,750 from the previous week’s upward revised average of 223,250.
• The insured unemployment rate for the week ending March 12 was unchanged from the previous week at 1.0%.
• Insured unemployment for the week fell by 67,000 to 1.350 million from the previous week’s downward revised 1.417 million.
• The latest level is the lowest since it was 1.332 million on January 3, 1970.
• The biggest jumps for the week were in Michigan, Ohio, California, Missouri, and Illinois.
• The largest drops were in New York, Massachusetts, New Jersey, Washington, and the District of Columbia.