Free Trial

MNI BRIEF: U.S. Jobless Claims Lowest Since Pandemic Started

U.S. jobless claims fell by 42,000 in the week ending March 6 to 712,000. That was the lowest since a huge and persistent spike at the start of the Covid pandemic, but is still more than three times higher than pre-pandemic levels.

The improvement highlights why, as MNI reported Wednesday, the Fed will maintain a higher bar for additional action than has been speculated in financial markets, such a possible market freeze that disrupts the recovery.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.