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U.S. initial jobless claims rise more than expected

Date:2024-04-17  Hits:1


Data released by the U.S. Department of Labor on the 4th showed that in the week ending March 30, the number of people applying for unemployment benefits for the first time in the United States increased by 9,000 to 221,000, an increase that exceeded market consensus and rose to a two-month high.The data showed that the four-week moving average of initial jobless claims, which was less volatile last week, increased by 2,750 to 214,250.At the same time, as of the week of March 23, the number of people applying for unemployment benefits nationwide was 1.791 million, a decrease of 19,000 from the previous month.The insured unemployment rate, which reflects the proportion of insured persons receiving unemployment benefits, remained unchanged at 1.2% month-on-month.Analysts believe that the number of people applying for unemployment benefits for the first time in the United States increased more than expected, indicating that the number of unemployed people starting to look for work has increased, which may imply that the tension in the U.S. labor market has eased.

 
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