US: Initial weekly jobless claims decreased by 5,000 to 211,000

Eren Sengezer FXStreet

"In the week ending March 23, the advance figure for seasonally adjusted initial claims was 211,000, a decrease of 5,000 from the previous week's revised level," the U.S. Department of Labor announced on Thursday.

Key takeaways from the press release

The 4-week moving average was 217,250, a decrease of 3,250 from the previous week's revised average.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending March 16.
The advance number for seasonally adjusted insured unemployment during the week ending March 16 was 1,756,000.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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