Unemployment Claims rose to 281,000
In the week ending April 4, the advance figure for seasonally adjusted initial claims was 281,000, an increase of 14,000 from the previous week's revised level. This was in line with market predictions. The 4-week moving average was 282,250, a decrease of 3,000 from the previous week's revised average. This is the lowest level for this average since June 3, 2000 when it was 281,500.
The advance seasonally adjusted insured unemployment rate was 1.7% for the week ending March 28, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 28 was 2,304,000, a decrease of 23,000 from the previous week's revised level. This is the lowest level for insured unemployment since December 9, 2000 when it was 2,263,000.
After the data USD gained few points against its major rivals. Euro is currently being traded below 1.0750 area, Sterling is at 1.48 handle, while Aussie is few points above 0.7720 level.
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