Unemployment Claims fell to 259,000
In the week ending March 5, the advance figure for seasonally adjusted initial claims was 259,000, a decrease of 18,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 278,000 to 277,000. The 4-week moving average was 267,500, a decrease of 2,500 from the previous week's revised average. The previous week's average was revised down by 250 from 270,250 to 270,000.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending February 27, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 27 was 2,225,000, a decrease of 32,000 from the previous week's unrevised level of 2,257,000. The 4-week moving average was 2,252,000, a decrease of 4,500 from the previous week's unrevised average of 2,256,500.
Euro is currently being traded few points above 1.0950 level, Sterling is around 1.42 handle, while Aussie is at 0.7480 area.
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