26 Mar 2015
US initial claims edge lower as weather normalizes – KBC
FXStreet (Barcelona) - The KBC Bank Research Team reviews the US initial jobless claims data release, noting that the jobs data is becoming less volatile as US weather normalizes.
Key Quotes
“In the week ending the 21st of March, US initial jobless claims dropped more than expected, reaching the lowest level in five weeks. Initial claims dropped by 9 000, from 291 000 to 282 000. The consensus was looking for a broadly stable outcome at 290 000.”
“Also the less‐volatile 4‐week moving average extended its downtrend, falling back below 300K (to 297 000 from 304 750).”
“The Labour Department said there were no special factors and no states data were estimated.”
“Continuing claims, which are reported with an extra week lag, dropped for a second straight week, although less than expected. In the week ending the 14th of March, continuing claims dropped by 6 000 to 2 416 000.”
“As weather conditions are normalizing again in the US, jobless claims are becoming less volatile and returning to more reliable levels. Initial claims are firmly back below 300 000, levels point to a labour market recovering at full speed.”
Key Quotes
“In the week ending the 21st of March, US initial jobless claims dropped more than expected, reaching the lowest level in five weeks. Initial claims dropped by 9 000, from 291 000 to 282 000. The consensus was looking for a broadly stable outcome at 290 000.”
“Also the less‐volatile 4‐week moving average extended its downtrend, falling back below 300K (to 297 000 from 304 750).”
“The Labour Department said there were no special factors and no states data were estimated.”
“Continuing claims, which are reported with an extra week lag, dropped for a second straight week, although less than expected. In the week ending the 14th of March, continuing claims dropped by 6 000 to 2 416 000.”
“As weather conditions are normalizing again in the US, jobless claims are becoming less volatile and returning to more reliable levels. Initial claims are firmly back below 300 000, levels point to a labour market recovering at full speed.”