Unemployment Claims increased to 276,000
In the week ending March 26, the advance figure for seasonally adjusted initial claims was 276,000, an increase of 11,000 from the previous week's unrevised level of 265,000. Smaller increaseto 266,000 was predicted. The 4-week moving average was 263,250, an increase of 3,500 from the previous week's unrevised average of 259,750. This marks 56 consecutive weeks of initial claims below 300,000, the longest streak since 1973.
The advance seasonally adjusted insured unemployment rate was 1.6% for the week ending March 19, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 19 was 2,173,000, a decrease of 7,000 from the previous week's revised level.The 4-week moving average was 2,190,750, a decrease of 14,500 from the previous week's revised average.
Euro is currently being traded few points above 1.1360 level, Sterling is around 1.4380 handle, while Aussie is at 0.7670 area. Later today, Chicago PMI figures are scheduled for a release.
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