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PT Solid Gold Berjangka | US Initial Jobless Claims Rise More Than Expected in Week Ended March 30

01:41 05 April in Economy, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP
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Klaim pengangguran AS Ekonomi AS Unemployment Claims PT SGB Solid Group SG Berjangka Solid Gold Berjangka

Solid Gold Berjangka | the latest US initial jobless claims data. Here’s a summary of the key points:

  • US Initial Jobless Claims: For the week ended March 30, initial jobless claims rose to 221,000 from an upwardly revised 212,000 in the previous week. This was higher than the analysts’ expectations for an increase to 214,000.
  • Four-Week Moving Average: The four-week moving average, which smooths out volatility, rose by 2,750 to 214,250. The previous week had seen a decrease of 250 to a level of 211,500.
  • Insured Jobless Claims: Insured jobless claims fell by 19,000 to 1,791,000 in the week ended March 23.
  • Interpretation: A decrease in initial jobless claims suggests a stronger labor market, which is generally positive for the US economy and stocks. However, it can be negative for bonds, as it suggests potential wage growth that could lead to inflation.

It’s important to note that 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.

This information is sourced from MT Newswires.