Weekly Initial Jobless Claims decline to 192K

There were 192,000 initial jobless claims in the week ending March 11, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 212,000 and came in better than the market expectation of 205,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 196,500, a decrease of 750 from the previous week’s revised average.