Economy

mahatmakanejeeves

(60,944 posts) Thu Mar 16, 2023, 09:00 AM Mar 2023

U.S. weekly jobless claims fall more than expected

U.S. Markets

2 minute read| March 16, 2023 | 8:58 AM EDT | Last Updated an hour ago

U.S. weekly jobless claims fall more than expected

Reuters

WASHINGTON, March 16 (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to continued labor market strength, though financial markets turmoil is casting a shadow over the economy.

Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 192,000 for the week ended March 11, the Labor Department said on Thursday. Economists polled by Reuters had forecast 205,000 claims for the latest week.

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U.S. weekly jobless claims fall more than expected (Original Post) mahatmakanejeeves Mar 2023 OP

Continuing claims: 1,684k, down by 29k from previous week. Previous week revised down by 5k progree Mar 2023 #1

progree

(11,463 posts)

1. Continuing claims: 1,684k, down by 29k from previous week. Previous week revised down by 5k

Reply to mahatmakanejeeves (Original post)

Thu Mar 16, 2023, 09:40 AM

Mar 2023

From the source:
https://www.dol.gov/ui/data.pdf
https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20230523.pdf

Unemployment Insurance Claims:

Initial claims: 192k (down 20k from previous week, previous week revised up 1k),

Continuing claims: 1,684k (down 29k from previous week, previous week revised down by 5k),

Graphs at link!

"Continuing claims" is what BLS reports call "insured unemployment" in their reports

Continuing claims had been trending up slightly, so am glad to see a reversal in direction.

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