US initial jobless claims 215K vs. 230K

US initial jobless claims 215K vs. 230K

The continuing claims 1871K  vs 1870K expected.

The US initial jobless claims for the week of March 24th came in better than expected at 215K.  Benchmark revisions were also released today to the data.  

  • Jobless claims 215K va 230K. Better than expectations
  • Claims is the lowest since January 27, 1973
  • The prior week was revised lower to 227K vs 229K previously reported
  • The continuing claims were as expected at 1871K vs 1870K expectations
  • The four-week moving average of claims fell to 224.5K vs 225.0K
  • Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal. 
  • The largest increases in initial claims for the week ending March 17 were in New York (+1,218), New Jersey (+647),
    Connecticut (+540), Pennsylvania (+439), and Vermont (+296),
  • The largest decreases were in California (-2,425),
    Texas (-1,011), Georgia (-866), Michigan (-756), and Illinois (-480).

Once again, the weekly claims data does not disappoint. 

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