(Department of Labor) Jobless claims in the US in the week that ended April 2 was recorded at 166,000, a decline of 5,000 from the revised level of last week.
On a four-week moving average, the jobless claims were 170,000, down by 8,000 from the previous week.
The continuing claims ended the week of March 26 at 1.523 million, reflecting an increase of 17,000 from the previous week’s revised level. On a four-week moving average, the continuing claims fell by 35,250 to 1.541 million.
The initial claims under various state programs were 193,137, down by 1.9% or 3,674 from the previous week. The decline defied the expected increase of 1.0% or 2,054.
The continuing claims under state programs were 1.651 million, down by 1.2% or 20,365 from the prior week. The decline was lower than the expected fall of 2.3% or 39,144.
Initial claims rose the highest in Ohio, Michigan, California, Texas, and New York. The most significant declines were in Kentucky, Pennsylvania, Tennessee, Florida, and Connecticut.
SPY is down -0.74%, DXY is down -0.05%.
