U.S. continuing jobless claims fall to nearly two-year low |
| U.S. jobless claims increased by 5,000 to 210,000 in the seven days to March 21st, the Labor Department reported on Thursday, in line with the expectations of analysts polled by the Wall Street Journal. The four-week moving average of new filings edged down to 210,500, while the total number of claims, reported with a one-week lag, fell by 32,000 to 1.819m, the lowest since May 2024. “The number of unemployed on permanent layoff had kept rising through February in the employment report, but continuing claims are one sign that you could soon see the unemployment rate level off or decline,” commented JPMorgan Chase & Co. economist Abiel Reinhart. “That depends, of course, on the magnitude and duration of the recent energy shock.” |
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