Initial Jobless Claims Rise

For the week ending April 5, initial jobless claims in the United States increased by 4,000, reaching a total of 223,000, according to the latest report from the Department of Labor. This marks a slight uptick from the previous week's revised figures.

4-Week Moving Average Unchanged

The 4-week moving average remained steady at 223,000, mirroring the previous week's unrevised average. This stability suggests a consistent trend in the job market's health.

Insured Unemployment Rate Dips

In the week ending March 29, the insured unemployment rate was recorded at 1.2%, with the total number of unemployed individuals dropping by 43,000 to 1,850,000. The 4-week moving average also saw a slight decrease, falling by 250 to 1,867,750.