USA News Today | Daily Us NewsPaper
Saturday, July 19, 2025
  • Politics
  • Headlines
  • Local news
  • Business
  • Science
  • Lifestyle
  • Tech
USA News Today | Daily Us NewsPaper
No Result
View All Result
Home Business

U.S. Jobless Claims Unexpectedly Edge Down To 210,000

March 21, 2024
in Business


A report released by the Labor Department on Thursday unexpectedly showed a slight drop by first-time claims for U.S. unemployment benefits in the week ended March 16th.

The Labor Department said initial jobless claims edged down to 210,000, a decrease of 2,000 from the previous week’s revised level of 212,000.

The dip surprised economists, who had expected jobless claims to rise to 215,000 from the 209,000 originally reported for the previous week.

“While we expect job growth to moderate from the strong January-February pace, initial claims remain well below levels that would signal a severe slowdown in job creation,” said Nancy Vanden Houten, Lead U.S. Economist at Oxford Economics.

“The Fed doesn’t require to a significant weakening in the labor market to begin cutting interest rates,” she added. “Rather it needs to be confident the job market is balanced enough to support a continued slowing in wage growth.”

Meanwhile, the report said the less volatile four-week moving average crept up to 211,250, an increase of 2,500 from the previous week’s revised average of 208,750.

Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also rose by 4,000 to 1.807 million in the week ended March 9th.

The four-week moving average of continuing claims also climbed to 1,802,250, an increase of 5,000 from the previous week’s revised average of 1,797,250.

Copyright © 2024, RTTNews.com, Inc. All Rights Reserved.

Tags: Breaking NewsEconomic NewsForex Top StoryFront Page NewsGeneral NewsTop story

Related Posts

U.S. Consumer Sentiment Tumbles To Six-Month Low In May

by USA News Editor
May 13, 2024
0

A report released by the University of Michigan on Friday showed a substantial deterioration in U.S. consumer sentiment in the...

U.S. Service Sector Activity Contracts For First Time Since December 2022

by USA News Editor
May 3, 2024
0

After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a...

U.S. Job Growth Falls Short Of Estimates In April, Unemployment Rate Ticks Higher

by USA News Editor
May 3, 2024
0

After reporting stronger than expected job growth over the past several months, the Labor Department released a report on Friday...

U.S. Factory Orders Surge In Line With Estimates In March

by USA News Editor
May 2, 2024
0

New orders for U.S. manufactured goods surged in line with economist estimates in the month of March, according to a...

U.S. Labor Productivity Increases Modestly In Q1, Labor Costs Spike

by USA News Editor
May 2, 2024
0

A report released by the Labor Department on Thursday showed labor productivity in the U.S. increased by less than expected...

U.S. Trade Deficit Narrows Slightly To $69.4 Billion In March

by USA News Editor
May 2, 2024
0

The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce...

Advertisement

Today Trend USA News

Mark Knopfler's Guitar Heroes Share Animated Video For 'Going Home (Theme From Local Hero)'

1 year ago

Mariah Carey Adds Dates To Las Vegas Residency

1 year ago

Lauryn Hill, Guns N' Roses & Charley Pride Recordings Among 2024 Grammy Hall Of Fame Inductees

1 year ago

New Courtney Love Series To Air On BBC Radio 6 Music

1 year ago
Suspension Of Import Duties, Quotas On Ukrainian Exports To EU Extended

Suspension Of Import Duties, Quotas On Ukrainian Exports To EU Extended

1 year ago

Glass Animals Announce New Album, World Tour

1 year ago

Popular News Today

  • Violent Femmes To Play First Two Albums In Full On Upcoming Tour

    0 shares
    Share 0 Tweet 0
  • About
  • Contact Form
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2024 USANEWS.ONE

No Result
View All Result
  • Politics
  • Headlines
  • Local news
  • Business
  • Science
  • Lifestyle
  • Tech

© 2024 USANEWS.ONE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

We respect your privacy and take protecting it seriously