Free Trial

MNI DATA IMPACT: US Jobless Claims Fall 9,000 In March 16 Wk>

--Initial Claims 4-Week Moving Average +1k To 225k
--Continuing Claims -27k To 1.750m In Mar 9 Week  
By Harrison Clarke and Shikha Dave
     WASHINGTON (MNI) - The level of initial claims fell by 9,000 to 
221,000 in the March 16 week, below expectations for a 225,000 reading 
by an MNI survey and the Bloomberg consensus. 
     Here are some of the key factors from the data release on Thursday: 
     - The level of initial claims fell by 9k to 221k in the March 16 
employment survey week, above the 217,000 level in the February 16 
survey week, signaling the possibility of a slightly weaker March 
employment report. Seasonal factors expected a decrease 3.6%, or 7,584 
in unadjusted claims. However, unadjusted claims actually fell by 7.3%, 
or 15,264.  
     - The four-week moving average for claims rose by 1,000 to 225,000 
in the March 16 week after a decline of 2,250 in the previous week. If 
the headline holds steady next week, the average would fall by 1,250 to 
223,750 as a 226,000 level in the February 23 week rolls out. 
     - Unadjusted claims fell by 15,264, led by a 3,500 decline in 
     - Continuing claims fell by 27,000 to 1.750 million in the March 9 
week, with the four-week moving average rising to 1.773 million. The 
insured unemployment rate remained at 1.2%, and was down from 1.3% one 
year ago, showing that the level of insured unemployed remains 
particularly low. 
     ** MNI Washington Bureau: 202-371-2121 ** 

To read the full story



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.