US citizens filing new applications for unemployment insurance rose to 223K for the week ending March 15, the US Department of Labor (DOL) reported on Thursday. This missed the preliminary estimate and was slightly higher than the previous week's revised count of 221K (revised from 220K).
The report also highlighted the seasonally adjusted insured unemployment rate at 1.2%, while the four-week moving average rose by 750 to 227K from the previous week's revised average.
Additionally, Continuing Jobless Claims rose by 33K to 1.892 million for the week ending March 8. (Newsmaker23)
Source: FXstreet
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