Thursday, March 22, 2007

Forex News: 22.03.2007 Initial jobless claims dropped by 4,000 to 316,000

The number of Americans signing up for state unemployment benefits fell to the lowest level in six weeks in the week ending March 17, the Labor Department reported.

Seasonally adjusted initial claims fell by 4,000 to 316,000. The four-week average of new claims fell by 3,750 to 326,000. Both figures are the lowest since the week of Feb. 3.

Meanwhile, the number of people collecting unemployment checks fell by 69,000 to 2.50 million in the week ending March 10.

The insured unemployment rate fell back to 1.9% from a high of 2.0%.


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