Initial Jobless Claims Show Slight Increase

In the week ending April 5, initial jobless claims in the United States saw a modest rise of 4,000, reaching a total of 223,000, as reported by the Department of Labor. This figure, while slightly higher than the previous week's revised numbers, indicates a relatively stable job market.

Moving Average and Unemployment Rate

The 4-week moving average remained steady at 223,000, mirroring the previous week's unrevised average. Meanwhile, the insured unemployment rate for the week ending March 29 held at 1.2%, with the total number of unemployed individuals decreasing by 43,000 to 1,850,000. The 4-week moving average for insured unemployment also saw a slight decline, dropping by 250 to 1,867,750.