ECON: Jobless Claims In Line With Expectations
- Jobless Claims Fell To 351,000 Feb 25 Week (Consensus 351,000)
- Last Week Revised Higher To 353k
- Jobless Claims 4-Wk Avg Fell To 354,000 from 359,000
- Continued Claims Fell To 3.402 mln (con. 3.400 mln)
- Insured Unemployment Rate Unchanged At 2.7
- Jobless Claims 4-Wk Average Lowest Since March 2008;
- Continued Claims Lowest Since August 2008
In the week ending February 25, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 2,000 from the previous week's revised figure of 353,000. The 4-week moving average was 354,000, a decrease of 5,500 from the previous week's revised average of 359,500.
The advance seasonally adjusted insured unemployment rate was 2.7 percent for the week ending February 18, unchanged from the prior week's unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending February 18, was 3,402,000, a decrease of 2,000 from the preceding week's revised level of 3,404,000. The 4-week moving average was 3,444,000, a decrease of 12,250 from the preceding week's revised average of 3,456,250.