ECON: Jobless Claims Slightly Lower Than Expected
*Claims at 351k vs 356k consensus
*Previous week revised higher to 365k from 362k
*4 week average flat at 355,750
In the week ending March 10, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 14,000 from the previous week's revised figure of 365,000. The 4-week moving average was 355,750, unchanged from the previous week's revised average of 355,750.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending March 3, a decrease of 0.1 percentage point from the prior week's unrevised rate of 2.7 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Mach 3, was 3,343,000, a decrease of 81,000 from the preceding week's revised level of 3,424,000.
The 4-week moving average was 3,394,250, a decrease of 25,250 from the preceding week's revised average of 3,419,500.