Jobless Claims Released On 4/3/2014 8:30:00 AM For wk3/29, 2014 Prior Prior Revised Consensus Consensus Range Actual New Claims - Level 311 K 310 K 320 K 315 K to 335 K 326 K 4-week Moving Average - Level 317.75 K 319.25 K 319.50 K New Claims - Change -10 K -13 K 16 K Highlights Jobless claims moved higher but the trend is still favorable. Initial claims rose 16,000 in the March 29 week to 326,000, which is 6,000 over the Econoday consensus. But the 4-week average is stable, little changed at 319,500 which is nearly 20,000 below the month-ago comparison and which points to strength for March employment.
Continuing claims, which are reported with a one-week lag, also rose, up 22,000 in the March 22 week to 2.836 million. But here too, the 4-week average is favorable, down 14,000 to 2.842 million which is roughly 80,000 below the month-ago comparison.
There are no special factors in today's report, one that should help build confidence in the labor market ahead of tomorrow's big employment report.
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