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U.S. initial jobless claims rise by 16,000 last week

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Investing.com - The number of people who filed for unemployment assistance in the U.S. rose more-than-expected last week official data showed on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending March 23 rose by 16,000 to a seasonally adjusted 357,000, compared to expectations for an increase to 340,000.

Jobless claims for the preceding week were revised up to 341,000 from a previously reported gain of 336,000.

The four-week moving average was 343,000 an increase of 2,250 from the previous week's revised average of 340,750.

The monthly average is seen as a more accurate gauge of labor trends because it reduces volatility in the week-to-week data.

Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD rising 0.19% to trade at 1.2801.

Meanwhile, U.S. stock index futures remained mixed. The Dow Jones Industrial Average futures pointed to a decline of 0.23% at the open, S&P 500 futures indicated a rise of 0.06%, while the Nasdaq 100 futures signaled a 0.20% gain.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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