US Unemployment Claims Retreat to 214,000

Source: US Labor Department

Jobless claims in the United States retreated in the second week of March, following the increase recorded in the previous week. DXY is down 0.32%, while Gold is up 1.70%.

• Seasonally adjusted initial claims for the week ending March 12 fell by 15,000 to 214,000. This is the lowest since the 216,000 in the week ending February 26.
• The previous week’s level was revised upward to 227,000, up by 2,000 from the 229,000 reported earlier.
• The four-week moving average fell by 8,750 to 223,000 from the previous week’s upward revised average of 231,750.
• Insured unemployment for the week ending March 5 was 1.0%, 0.1 percentage points lower than the previous week’s unrevised rate.
• Insured unemployment for the week stood at 1.419 million, marking the lowest level recorded on February 21, 1970, when it was 1.412 million.
• The biggest increases in claims were in New York, California, Kentucky, New Jersey, and Ohio.
• The largest decreases were recorded in Massachusetts, Pennsylvania, Missouri, Tennessee, and Rhode Island