U.S. Initial Claims Decreased to 357k Last Week – March 31

Today, April 5th, the U.S. jobless claims weekly report was published; according to the recent update, the number of initial claims declined by 6 thousand for the week ending on March 31st; the total (revised) initial claims reached 357,000 claims (seasonally adjusted data); the four week average also declined to 361,750; the insured unemployment rate remained flat at 2.6% for the week ending on March 24th;  the number of insured unemployment reached 3,338 thousand, a decrease of 16,000 compared with the previous week’s figures. Finally, the four week average declined by 24.5 thousand to 3,367 thousand. This recent news of the further decline in the U.S. jobless claims coincides with the general direction of the downward trend of numbers of jobless claims during previous months (the number of initial claims decreased in six out of the last eight weeks); this news may help pressure up the U.S dollar against other major currencies during today’s trading.

Currently the U.S. dollar is traded up against many major currencies including against the Euro, Aussie dollar and Canadian dollar.

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