AI Summary
The number of Americans filing new claims for unemployment benefits decreased during the week ended March 28, according to Labor Department data released Thursday. This fell counter to expectations, which had forecasted a rise to 212,000 claims.
US jobless claims have already fluctuated this year between 201,000 and 230,000, reflecting relative stability in a labor market characterized by soft hiring and limited layoffs. Persistent uncertainty is currently prompting companies to delay hiring decisions, Reuters reported.
|
US Weekly Jobless Claims |
||||
|
Item |
Last Year |
Last Week |
Latest Week |
Change |
|
Initial Claims (‘000) |
220 |
211 |
202 |
(9) |
|
Four-Week Average (‘000) |
222.75 |
210.75 |
207.75 |
(3) |
|
Total Beneficiaries (mln) |
1.889 |
1.816 |
1.841 |
+0.025 |
The data highlighted the resilience of the US labor market last week, as investors look ahead to tomorrow's March Non-Farm Payrolls (NFP) report for a clearer picture of employment trends.
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