Initial jobless claims in the U.S. continue to indicate towards low rates of job separation. In the week ended 3 March, jobless claims rose to 231k from 219k. This is slightly above consensus expectations of 220k. The four-week moving average, a less volatile measure for claims, came in at 223k, near a historical low. Thus, in spite of rise in claims, the data continues to indicate towards low rates of job separation and hint at strong labor market conditions, noted Barclays in a research report.
Meanwhile, continuing claims for the week ended 24 February 24 fell to 1.870 million. The insured unemployment rate fell by one-tenth to 1.3 percent.
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