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In the United States, initial unemployment claims rise to 211,000 compared to an estimate of 215,000
![In the United States, initial unemployment claims rise to 211,000 compared to an estimate of 215,000 In the United States, initial unemployment claims rise to 211,000 compared to an estimate of 215,000](https://newsnetdaily.com/wp-content/uploads/2024/04/Initial20claims_id_f2cc7e36-a9aa-47ff-b6b2-efe1df7a148a_size975.jpg)
- Previous week 221K revised 222K
- initial unemployment registrations 211,000 against 215,000 estimates
- 4-week moving average 214.25K vs. 214.50K last week
- continuing claims 1,817M versus 1,800M estimate
- continued claims last week 1,791M revised to 1,789M
- 4-week moving average of outstanding claims 1,803M compared to 1,799M last week
- The largest increases in initial claims for the week ending March 30 were in California (+2,147), Pennsylvania (+1,913), Iowa (+1,383), New Jersey (+1,230) and in Illinois (+1,195).
- The largest declines were in Texas (-3,248), Missouri (-2,369), Georgia (-935), Arkansas (-459) and North Carolina (-400).
The job market remains stable and shows no signs of weakness.
The American markets reacted more to the PPI data which arrived a little later than expected, i.e. 0.2% over one month and 2.1% over one year (compared to 2.2% estimated). The core was also at 0.2% with an annual return of 2.4% versus an estimate of 2.3%.
The NASDAQ moved into positive territory with a gain of 33 points. The S&P index is still down -4.3 points.
The 2-year yield is down 2.3 basis points at 4.948%. The 10-year yield is down -1.8 basis points at 4.543%.
The US dollar is also slightly lower. EURUSD is trading at 1.07414, having hit a new low at 1.07145 before publication.
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