U.S. Weekly Jobless Claims Unexpectedly Dip To 202,000

Initial U.S. unemployment claims unexpectedly edged lower in the week ended March 28, the Labor Department reported, indicating a marginally firmer labor market. The surprise decline is modestly positive for growth and could slightly temper downside risks to consumer spending and interest-rate expectations, though no claim magnitude was provided in the release.

Analysis

Initial U.S. unemployment claims unexpectedly edged lower in the week ended March 28, the Labor Department reported, indicating a marginally firmer labor market. The surprise decline is modestly positive for growth and could slightly temper downside risks to consumer spending and interest-rate expectations, though no claim magnitude was provided in the release.