Market Updates
Initial Weekly Jobless Claims Advanced 7,000
Brian Turner
30 Mar, 2023
New York City
Weekly jobless claims increased by 7,000 to 198,000 for the week ending March 25, the U.S Department of Labor reported Thursday.
The initial claims declined from the previous week's unrevised level of 191,000.
The 4-week moving average increased 2,000 to 198,250 from the previous week's unrevised average of 196,250.
The advance number for seasonally adjusted insured unemployment during the week ending March 18 was 1,689,000, a rise of 4,000 from the previous week's revised level.
The highest insured unemployment rates in the week ending March 11 were in New Jersey 2.6%, Rhode Island 2.4%, California and Massachusetts 2.3%, Minnesota 2.2%, Illinois 2.0%, Alaska 1.9%, Montana and New York 1.9%, and Connecticut 1.8%.
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