US: Weekly Initial Jobless Claims decline to 192K vs. 205K expected

US: Weekly Initial Jobless Claims
  • In the week ending March 11, 20,000 fewer Americans filed initial claims for unemployment benefits.
  • Below 104.50, the US Dollar Index continues to decline.

According to the US Department of Labor’s (DOL) publication of weekly data on Thursday, there were 192,000 new claims for unemployment benefits during the week ending March 11. This print exceeded the market expectation of 205,000 and followed the previous week’s print of 212,000.

The advance seasonally adjusted insured unemployment rate was 1.2%, and the 4-week moving average was 196,500, down 750 from the corrected average from the prior week, according to further information in the release.

The advance figure for seasonally adjusted insured unemployment for the week ending March 4 was 1,684,000, down 29,000 from the revised level for the prior week, according to the DOL.

Market response
These numbers had little immediate impact on the US Dollar Index, which was last noted down 0.35% for the day at 104.35.