Jobless Claims Decline

In a positive sign for the US economy, initial jobless claims fell by 9,000 to 215,000 for the week ending April 12, according to the latest report from the Department of Labor. This decline underscores the labor market's ongoing resilience amidst fluctuating economic conditions.

4-Week Moving Average Also Dips

The 4-week moving average, a more stable measure, decreased by 2,500 to 220,750, further indicating a steady improvement in employment trends.

Insured Unemployment Rate Holds Steady

Meanwhile, the insured unemployment rate remained at 1.2% for the week ending April 5, with the total number of unemployed individuals slightly increasing by 41,000 to 1,885,000. The 4-week moving average for insured unemployment saw a marginal rise of 1,000 to 1,867,250.