Weekly US initial jobless claims for the week ending April 6

US initial jobless claims reached the lowest level in 50 years
  • Prior week report.
  • The claims is the lowest level since October 4, 1969 when it was 193K (nearly 50 year lows!)
  • The prior week was revised up 2K to 204k from 202K previously reported
  • The four-week moving average came in at 207K vs 214K last week. This is the lowest average since December 6, 1969
  • Continuing claims 1713K vs 1738K estimate.
  • Last week was revised higher to 1726K from 1717K previously reported
  • The four-week moving average was 1734.5K, a decrease of 11K from the previous week
  • The largest increases in initial claims for the week ending March 30 were in Illinois (+1,297), Arizona (+338), New York (+325), Oregon (+311), and Wisconsin (+262),
  • The largest decreases were in Texas (-2,055), Pennsylvania (-1,377), California (-1,304), Arkansas (-1,044), Missouri (-591), and New Jersey (-591).

The jobs market is chugging along....Strong report.

S&P is implying a 5 point gain

Nasdaq futures are implying a 10.5 point gain