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Unemployment Claims almost unchanged from last week's level

Thursday, Apr 23 2015
In the week ending April 18, the advance figure for seasonally adjusted initial claims was 295,000, an increase of 1,000 from the previous week's unrevised level of 294,000. However, analysts were forecasting decrease to 286,000. The 4-week moving average was 284,500, an increase of 1,750 from the previous week's unrevised average of 282,750.  The advance seasonally adjusted insured unemployment rate was 1.7% for the week ending April 11, unchanged from the previous week's unrevised rate. 
 
The advance number for seasonally adjusted insured unemployment during the week ending April 11 was 2,325,000, an increase of 50,000 from the previous week's revised level. The 4-week moving average was 2,308,750, a decrease of 22,000 from the previous week's revised average. This is the lowest level for this average since December 23, 2000 when it was 2,288,500. 
 
Data did not have any major impact on the markets. Euro is currently being traded few points above 1.0760 level, Sterling is at 1.50 handle, while Aussie is around 0.7720 area. Later today, Manufacturing PMI and New Home Sales figures are scheduled for a release.
More in this category: « UK Retail Sales unexpectedly decreased in March Sales of new homes dropped in March »

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