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    Home » US Weekly Unemployment Claims Plunged Last Week to 166,000, Lowest Level Since 1968
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    US Weekly Unemployment Claims Plunged Last Week to 166,000, Lowest Level Since 1968

    April 7, 20221 Min Read
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    Applications for US state unemployment insurance fell last week by more than expected, signaling that employers are retaining workers in an increasingly tight labor market.

    • Initial unemployment claims fell by 5,000 to 166,000 in the week ended April 2. The median average in a Bloomberg survey of economists anticipated 200,000 initial applications.
    • Continuing claims for state benefits increased slightly to 1.52 million in the week ended March 26.
    • The decline in first-time applications is another positive indicator of the trend in the labor market. Weekly unemployment claims have been dropping for the largest part of the year.
    • On an unadjusted basis, initial unemployment claims fell to 193,137 last week.

    Texas, Michigan, and New Jersey were states posting the biggest decreases in unadjusted claims.

    DXY down -0.06%, EURUSD up +0.22%

    Source: US Department of Labor

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