Weekly jobless claims in the US beat estimates
Seasonally adjusted, the number of initial jobless claims fell 18,000 to 228,000 in the week ended April 1, according to the U.S. Department of Labor.
Economists polled by Dow Jones estimated 200,000 claims.
Witty reference from Wall Street economist to Fed
Importantly, the scoreboard for first-time applications the previous week was revised to 246,000, a massive increase of 48,000.
The latest unemployment figures included the Department of Labor’s revised seasonal adjustment factors.
Meanwhile, secondary unemployment claims for the week ending March 25 rose 6,000 to 1.823 million.
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The US Department of Labor reported that the number of initial jobless claims for the week ended 1 April fell to 228,000, down by 18,000 from the previous week. The figure is higher than the 200,000 claims estimated by Dow Jones economists. Meanwhile, the Labor Department revised upwards the number of first-time applications the previous week to 246,000, an increase of 48,000. Secondary unemployment claims for the week ending 25 March rose 6,000 to 1.823 million.
