- There were 214,000 weekly jobless claims in the United States in the week ending March 12, better than the 220,000 expected.
- Currency markets did not see much of a reaction to the latest batch of US data.
The US reported 214,000 weekly jobless claims in the week ending March 12, down from the 220,000 expected and the previous week’s 229,000 (revised from 227,000), data released by the US Department of Labor revealed. United States (DOL) on Thursday.
The four-week moving average of claims fell to 223,000 from 231,750 the previous week.
Continued claims in the week ending March 5 fell to 1.419 million, a larger-than-expected drop to 1.485 million from 1.49 billion the previous week (which was revised down from 1.494 million).
The insured unemployment rate in the week ending March 5 fell to 1.0% from 1.1% in the previous week.
market reaction
Currency markets did not see much of a reaction to the latest round of US data, which was broadly better than expected.
Source: Fx Street
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
