- Weekly unemployment benefit claims increased by 221,000 compared to the previous week.
- Applications for continued unemployment benefits increased by almost 1.8 million.
U.S. citizens filing for unemployment insurance benefits increased by 221,000 in the week ending March 30, the U.S. Department of Labor (DoL) reported Thursday. The figure was just above the initial estimates (214,000) and the 212,000 of the previous week.
Other details from the release revealed that the forward seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average stood at 214.250, an increase of 2,750K from the week's revised average. previous of 211,500.
Additionally, continuing claims decreased by 19,000 to 1.791 million in the week ended March 23 from 1,810,000.
Market reaction
The US Dollar Index (DXY) remains on the defensive and is gradually approaching the key support of the 104.00 area.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
