US: Weekly Initial Jobless Claims rise to 202K

Initial Jobless Claims in the week ending on 26 March came in at 202,000, a tad above the expected reading of 197,000 and up versus the previous week’s 188,000 print. Continued Jobless Claims fell to 1.307M in the week ending on March 19, below the expected rise to 1.35M from 1.342M the week prior. The Insured Unemployment Rate fell to 0.9% in the week ending on March 19 from 1.0% a week earlier.