Initial Jobless Claims See Modest Increase

The latest data from the Department of Labor reveals a slight uptick in initial jobless claims, with figures rising by 4,000 to reach 223,000 for the week ending April 5. This adjustment comes amidst a steady 4-week moving average, which remains unchanged at 223,000.

Insured Unemployment Rate Holds Steady

Further insights into the labor market show the insured unemployment rate holding firm at 1.2% for the week ending March 29. The total number of individuals claiming unemployment benefits saw a decrease of 43,000 from the previous week, settling at 1,850,000. The 4-week moving average for insured unemployment also experienced a marginal decline, dropping by 250 to 1,867,750.