US: Initial weekly jobless claims decreased by 8,000 to 196,000

Eren Sengezer FXStreet

"In the week ending April 6, the advance figure for seasonally adjusted initial claims was 196,000, a decrease of 8,000 from the previous week's revised level," the U.S. Department of Labor announced on Thursday.

Key takeaways from the press release

This is the lowest level for initial claims since October 4, 1969 when it was 193,000.
The 4-week moving average was 207,000, a decrease of 7,000 from the previous week's revised average.
- This is the lowest level for this average since December 6, 1969 when it was 204,500. The previous week's average was revised up by 500 from 213,500 to 214,000.
The advance number for seasonally adjusted insured unemployment during the week ending March 30 was 1,713,000, a decrease of 13,000 from the previous week's revised level.

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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