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Minimal Surprises In Latest Jobless Claims Data

US DATA
  • Initial jobless claims dipped to a seasonally adjusted 210k (cons 213k) in the week to Mar 16 – covering a payrolls reference period – after an upward revised 212l (initial 209k).
  • The 210k compares to the 200k from the previous payrolls reference period.
  • The four-week average increased by 2k but remains very low at 211k.
  • Continuing claims meanwhile increased by less than expected to a seasonally adjusted 1807k (cons 1820k) in the week to Mar 9 after a downward revised 1803k (initial 1811k).
  • Continuing claims remain in the newly found, particularly flat seasonally adjusted trend after last week’s annual revisions.
  • NSA continuing claims data are still above 2022 and 2023 readings for this time of year but on the low side compared to pre-pandemic years.
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  • Initial jobless claims dipped to a seasonally adjusted 210k (cons 213k) in the week to Mar 16 – covering a payrolls reference period – after an upward revised 212l (initial 209k).
  • The 210k compares to the 200k from the previous payrolls reference period.
  • The four-week average increased by 2k but remains very low at 211k.
  • Continuing claims meanwhile increased by less than expected to a seasonally adjusted 1807k (cons 1820k) in the week to Mar 9 after a downward revised 1803k (initial 1811k).
  • Continuing claims remain in the newly found, particularly flat seasonally adjusted trend after last week’s annual revisions.
  • NSA continuing claims data are still above 2022 and 2023 readings for this time of year but on the low side compared to pre-pandemic years.