The Department of Labor reported that Initial jobless claims increased by 14,000 (from the lowest since 1969) andn the week ending March 26 to 202,000, above the 197,000 market consensus. Initial orders remain in the area of historical lows.
The Continued jobless claims fell by 35,000 in the week ending March 19 to 1,307,000which was surprising as an increase to 1,350,000 was expected. It is the lowest level since December 1969.
Overall, the weekly jobless claims report was mixed and came in the same as the core price index for personal consumption spending. The dollar fell slightly. The economic figures did not have much impact. Later on Thursday the Chicago PMI will be released and on Friday it will be the turn of the official employment report with non-farm payrolls and the unemployment rate.
Source: Fx Street
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