The number of Americans filing new claims for unemployment benefits decreased during the week ended March 28, according to Labor Department data released Thursday. This fell counter to expectations, which had forecasted a rise to 212,000 claims.
US jobless claims have already fluctuated this year between 201,000 and 230,000, reflecting relative stability in a labor market characterized by soft hiring and limited layoffs. Persistent uncertainty is currently prompting companies to delay hiring decisions, Reuters reported.
US Weekly Jobless Claims
Item
Last Year
Last Week
Latest Week
Change
Initial Claims (‘000)
220
211
202
(9)
Four-Week Average (‘000)
222.75
210.75
207.75
(3)
Total Beneficiaries (mln)
1.889
1.816
1.841
+0.025
The data highlighted the resilience of the US labor market last week, as investors look ahead to tomorrow’s March Non-Farm Payrolls (NFP) report for a clearer picture of employment trends.
The number of Americans filing new claims for unemployment benefits decreased during the week ended March 28, according to Labor Department data released Thursday. This fell counter to expectations, which had forecasted a rise to 212,000 claims.
US jobless claims have already fluctuated this year between 201,000 and 230,000, reflecting relative stability in a labor market characterized by soft hiring and limited layoffs. Persistent uncertainty is currently prompting companies to delay hiring decisions, Reuters reported.
US Weekly Jobless Claims
Item
Last Year
Last Week
Latest Week
Change
Initial Claims (‘000)
220
211
202
(9)
Four-Week Average (‘000)
222.75
210.75
207.75
(3)
Total Beneficiaries (mln)
1.889
1.816
1.841
+0.025
The data highlighted the resilience of the US labor market last week, as investors look ahead to tomorrow’s March Non-Farm Payrolls (NFP) report for a clearer picture of employment trends.
