Unemployment claims in the United States grew back to the 200,000 level in the past week, following two straight weeks of declines.
- Seasonally adjusted initial claims for the week ending March 26 grew by 14,000 to 202,000 from the previous week’s upward revised 188,000. The four-week moving average fell by 3,500 to 208,500.
- The advance insured employment rate for the week ending March 19 fell by 0.1 percentage points to 0.9% from the previous week. Insured unemployment for the week declined by 35,000 to 1.307 million, the lowest since December 1969.
- The biggest increases in initial claims were recorded in Florida, Pennsylvania, Oklahoma, Tennessee, and Connecticut. The largest declines were in California, Michigan, Kentucky, Kansas, and Illinois.
The four-week moving average of insured unemployment was 1.389 million, the lowest level since February 1970.
DXY is up 0.36%, while Gold is up 0.19%.
Source: US Labor Department