Initial jobless claims tick up a little in the current week
- Prior week 187K (lowest level since 1969 when it came in at 182K). The last week was revised up 1K to 188K.
- Initial jobless claims 202K versus 197K estimate. A year ago initial claims were at 729K
- 4 week moving average initial jobless claims 208.5K versus 212.0K (revised from 211.75) last week.
- Continuing claims 1.307M vs 1.35M est. Last week continuing claims came in at 1.35M revised to 1.342M. That was the lowest level since January 3, 1970. The level this week is the lowest since December 27, 1969. A year ago continuing claims or at 3.753M
- 4-week moving average of continuing claims 1.389K versus 1.429M last week. The four week averages lowest since February 7, 1970
- The largest increases in initial claims for the week ending March 19 were in Florida (+956), Pennsylvania (+476), Oklahoma (+400), Tennessee (+328), and Connecticut (+161),
- The largest decreases were in California (-5,831), Michigan (-4,876), Kentucky (-2,579), Kansas (-2,070), and Illinois (-2,053).
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