US jobless claims for the week ending April 24 came at 553,000, down 13,000 from the previous week revised level, according to the Department of Labor press release. The jobless claims were at the lowest level since the pandemic started as the labor market rebound continued.
The previous week’s jobless claims was revised up by 19,000 to 566,000.
The four-week moving average jobless claims was 611,750, down 44,000 from the previous week.
Continuing claims came at 3.66 million, up 9,000 from the previous week’s revised level.
The previous week’s continuing claims were revised down by 23,000 to 3.651 million.
Unadjusted advance actual claims under state programs were 575,350, down 1.6% from the previous week.
US stocks and the dollar are currently gaining. SPY is up 0.17%, QQQ is up 0.024%, EURUSD is down 0.08%.