💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

RPT-U.S. jobless claims fall 6,000 last week

Published 03/31/2011, 08:33 AM
Updated 03/31/2011, 08:40 AM

(Repeating to additional subscribers)

WASHINGTON, March 31 (Reuters) - New U.S. claims for unemployment benefits fell last week, a government report showed on Thursday, further evidence a material improvement in the labor 1835102827

Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 388,000 the Labor Department said. The government revised weekly claims data back to 2006 to take int 536870913 1864393059

Economists polled by Reuters had forecast claims edging down to 380,000. The prior weeks figure was revised up to 394,000 from the previously reported 382,000.

The four-week moving average of unemployment claims -- a better measure of underlying trends - rose 3,250 to 394,250.

The claims data falls outside the survey period for the governments closely watched employment report for March, which is scheduled for release on Friday.

Nonfarm payrolls are expected to have increased a solid 190,000 after rising 192,000 in February, according to a Reuters survey, with the unemployment rate seen holding steady at a near tw 536870913 1865251173

A Labor Department official said there was nothing unusual in the claims data.

Claims have now held beneath the 400,000 level that is generally associated with steady job growth for three weeks in a row, with the four-week average below that mark for the fifth straig 536870913 1752440951

The number of people still receiving benefits under regular state programs after an initial week of aid dropped 51,000 to 3.71million in the week ended March 19, the lowest level since 536870913 542073716

The number of people on emergency unemployment benefits dropped 38,838 to 3.59 million in the week ended March 12, the latest week for which data is available. A total of 8.77 million peo 536870913 1886151968

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.