US Unemployment Claims Fall Back to 166,000

Source: US Labor Department

US unemployment claims retreated in the last week of March, following the increase recorded in the previous week. DXY is down 0.04%, while Gold is up 0.34%.

• Seasonally adjusted initial claims fell by 5,000 to 166,000 from the previous week’s downward revised 171,000.
• The latest reading is equivalent to claims recorded in the week ending March 19, following a revision to seasonal adjustment factors.
• The four-week moving average declined by 8,000 to 170,000 from the previous week’s revised average of 178,000.
• The advance seasonally adjusted insured unemployment rate for the week ending March 26 was 1.1%, unchanged from the previous week’s revised rate.
• Insured unemployment for the week stood at 1.523 million, marking an increase of 17,000 from the previous week’s upward revised 1.506 million.
• The biggest jumps were in Ohio, Michigan, California, Texas, and New York. The steepest declines were in Kentucky, Pennsylvania, Tennessee, Florida, and Connecticut.