U.S. Initial Claims Slightly Rose to 362k Last Week – March 8

Today, March 8th, the U.S. jobless claims weekly report was published; the report presented that the number of initial claims rose by 8 thousand for the week ending on March 3rd; the total initial claims reached 362,000 claims (seasonally adjusted data); the four week average increased by 250 to 355,000; the insured unemployment rate also remained flat at 2.7% for the week ending on February 25th;  the number of insured unemployment reached 3,416 thousand, a gain of 10,000 compared with the previous week’s numbers; Finally, the four week average fell by 27.5 thousand  to 3,417 thousand . Despite the slight rise in the U.S. jobless claims, the general direction in the past few weeks was an improvement in this area as the numbers of jobless claims were at a downward trend (the number of initial claims decreased in four out of the last six weeks); this news may be among the factors to pull down the U.S dollar against other major currencies during today’s trading.

Currently the U.S. dollar is traded down against many major currencies.

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