Weekly Jobless Claims Fall 18K To 228K, Still Higher Than Expected

by Vandana Singh, Benzinga Editor

April 6, 2023 8:45 AM | 1 min read | Make a Comment

Weekly Initial Jobless Claims were 228,000, a decrease of 18,000 from the previous week's revised level, according to data the Labor Department released on Thursday.
The number is above the average economist estimates of 201,000 but lower than the previous week's revised level.
The previous week's level was revised up by 48,000 from 198,000 to 246,000.
The 4-week moving average was 237,750, a decrease of 4,250 from the previous week's revised average.
The advance seasonally adjusted insured unemployment rate was 1.3% for the week ending March 25, unchanged from the previous week's revised rate.
Insured unemployment was 1,823,000 for the week ending 3/25 (+6,000), the highest level for insured unemployment since December 11, 2021, when it was 1,833,000.

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