ECON: Jobless Claims Lower Than Expected
- Claims 346k va 365k Consensus
- Previous week revised higher to 388k
- 4 week average rises to 358k from 355k
- Continued claim 3.079 mln vs 3.066 mln consensus
- Market Reaction: surprisingly resilient. Bond markets stepped back briefly, but are now at their best levels of the morning.
In the week ending April 6, the advance figure for seasonally adjusted initial claims was 346,000, a decrease of 42,000 from the previous week's revised figure of 388,000. The 4-week moving average was 358,000, an increase of 3,000 from the previous week's revised average of 355,000.
The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending March 30, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 30 was 3,079,000, a decrease of 12,000 from the preceding week's revised level of 3,091,000. The 4-week moving average was 3,079,250, an increase of 5,250 from the preceding week's revised average of 3,074,000.