US Initial Jobless Claims Fall in Week Ended March 29

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US Initial Jobless Claims Fall in Week Ended March 29

, MT Newswires - 8:41 AM ET 4/3/2025 default

08:41 AM EDT, 04/03/2025 (MT Newswires) -- US initial jobless claims fell to a level of 219,000 in the week ended March 29 from an upwardly revised 225,000 level in the previous week, compared with expectations for a level of 225,000 in survey of analysts compiled by Bloomberg as of 7:40 am ET.

The four-week moving average fell by 1,250 to 223,000 after declining by 4,500 to a level of 224,250 in the previous week.

Insured jobless claims rose by 56,000 to 1,903,000 in the week ended March 22, the highest level since the week ended Nov. 13, 2021.

The weekly initial jobless claims data released by the US Labor Department measures filings for unemployment insurance benefits. Initial filings are reported through the previous Saturday, while those already on benefits are measured with a one-week lag.

A decrease in claims suggests a stronger labor market, a positive for the US economy and stocks, but a negative for bonds as it suggests wage growth that could lead to inflation.

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