The U.S. Department of Labor reported that initial claims for unemployment benefits they increased by 61,000 to 719,000, in the week ending March 27. The increase came from the lowest level in a year and fell short of expectations for a reading of 680,000.
The continued claims for unemployment benefits They fell by 46,000 to 3,794,000, continuing the downtrend and reaching the lowest level since the beginning of the pandemic. On the downside, the numbers were worse than expected due to a drop to 3,775,000.
The dollar fell on data for jobless claims, while futures on the major Wall Street indices were unchanged.
March manufacturing figures will be released later on Thursday with ISM and PM Markit. Construction spending for February will also be released. On Friday it will be the turn of the official employment report with non-farm payrolls (consensus: +647,000) and the unemployment rate (6%).
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