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US Jobless Claims Post Slight Decline, Remain in 180,000 Level

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Jobless claims in the United States retreated in the past week but remained at the 180,000 level for the second straight week.

 

Source: US Labor Department

 

DXY is down 0.20%, while Gold is down 0.76%.

 

Seasonally adjusted initial claims for the week ending April 16 stood at 184,000, down by 2,000 from the previous week’s revised level of 186,000. The four-week moving average jumped by 4,500 to 177,250 from 172,750.

 

The advance insured unemployment rate for the week ending April 9 was 1.0% or 0.1 percentage points lower than the previous week’s unrevised rate. Insured unemployment fell by 58,000 to 1.417 million from 1.475 million.

 

The latest insured unemployment level was the lowest reading in over 50 years since the figure was recorded at 1.412 million on February 21, 1970. The four-week moving average fell by 31,250 to 1.481 million.

 

The largest jumps for the week were seen in Missouri, Michigan, California, Indiana, and Texas. The biggest declines were in Ohio, Wisconsin, Oklahoma, Utah, and Hawaii.

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