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Budget News

  • Economic Buzz: US Weekly Jobless Claims Rise Slightly More Than Expected
  • March 31,2023  09:17
  • The Labor Department released a report on Thursday showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended March 25th. The report said initial jobless claims rose to 198,000, an increase of 7,000 from the previous week's unrevised level of 191,000.

    The Labor Department said the less volatile four-week moving average also crept up to 198,250, an increase of 2,000 from the previous week's unrevised average of 196,250.

    Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also edged up by 4,000 to 1.689 million in the week ended March 18th. The four-week moving average of continued claims also climbed to 1,691,750, an increase of 10,000 from the previous week's revised average of 1,681,750.

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