Initial Jobless Claims dropped to 213K last week
WikiBit 2026-03-12 21:13
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment
Finance
Initial Jobless Claims dropped to 213K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance went down to 213K for the week ending March 7. The latest print came in short of initial estimates (215K) and was a tad lower than the previous weeks 214K (revised from 213K).
Additionally, the 4-week moving average decreased by 4K, bringing it to 212K from the revised average of the previous week (216K).
The report also indicated that Continuing Jobless Claims fell by 21K to 1.850M for the week ending February 28.
Market reaction
The Greenback adds to the weekly recovery on Thursday, prompting the US Dollar Index (DXY) to hit three-day highs around 99.50. The Greenbacks improvement remains well underpinned by unabated tensions in the geopolitical landscape.
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