Send Article via Email

- Claims 340k vs 355k consensus, 347k previously
- Market Reaction: One of the leading sources of weakness so far

In the week ending March 2, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 7,000 from the previous week's revised figure of 347,000. The 4-week moving average was 348,750, a decrease of 7,000 from the previous week's revised average of 355,750.

The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending February 23, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 23 was 3,094,000, an increase of 3,000 from the preceding week's revised level of 3,091,000. The 4-week moving average was 3,121,750, a decrease of 37,500 from the preceding week's revised average of 3,159,250.

More from MND:

• MBS Commentary: MBS RECAP: Attempting To Consolidate After Wednesday's Sell-Off
• Mortgage Rate Watch: Mortgage Rates Carried Higher Still By Yesterday's Momentum
• Pipeline Press: Can't Count on Low Rates Forever, Right? Why QE3 Could be Expensive; HUD disaster relief
• MND NewsWire: New Homes Hit Record Median Price in April, Sales Rise
• MBS Commentary: MBS MID-DAY: Treasuries Green, MBS Red

If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.