The DOL reported:
In the week ending March 25, the advance figure for seasonally adjusted initial claims was 198,000, an increase of 7,000 from the previous week’s unrevised level of 191,000. The 4-week moving average was 198,250, an increase of 2,000 from the previous week’s unrevised average of 196,250.
emphasis addedThe following graph shows the 4-week moving average of weekly claims since 1971.
Click on graph for larger image.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 198,250.
The previous week was unrevised.
Weekly claims were slightly above the consensus forecast.