The number of initial jobless claims filed by unemployed Americans rose unexpectedly this past week after experiencing a month of weekly declines. For the week ending April 9, Americans filed 412,000 initial jobless claims, which is 27,000 more claims when compared to the previous week’s revised figure of 385,000. It’s also the highest claims report on record since mid-March. Analysts with Econoday said, “Markets are showing no significant reaction despite the possibility that today’s report could be the first signal of trouble for April payrolls.” The four-week moving average was 395,750, compared to the previous week’s figure of 390,250. This is the highest four-week moving average figure since mid-March, Econoday said. Although analysts have been watching to see if volatility in Japan will impact jobless claims, Econoday said Thursday “supply disruptions tied to Japan were not cited.” Write to Kerri Panchuk.
Jobless claims unexpectedly rise to 412,000 last week
Most Popular Articles
Latest Articles
Labor market report is good news for mortgage rates
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected, which is good news for mortgage rates.
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts
-
NAR settlement terms slated to go into effect in mid-August