Reply To: US Shows Strong Job Gains in February But Hourly Earnings Unchanged Despite Surging Inflation

Helmholtz Watson

US initial claims for the current week 187K vs 212K estimate

Initial jobless claims at lowest level since 1969
Prior week 214K revised to 215K
4-week moving average 211.75 versus 215K last

Continuing Claims 1.35M vs 1.410M est
4 week moving average continuing claims 1.431M to 1.462M

The largest increases in initial claims for the week ending March 12 were in Michigan (+2,068), Ohio (+1,547), California (+1,274), Missouri (+850), and Illinois (+665),
The largest decreases were in New York (-16,098), Massachusetts (-1,116), New Jersey (-1,046), Washington (-992), and District of Columbia (-945).

The initial claims was the lowest level since September 6, 1969 when it was at 182,000
The continuing claims reached its lowest level since January 3, 1970