US initial jobless claims 210K vs 212K estimate

• Prior week revised to 212K revised from 210K
• Initial jobless claims at 210K vs 212K estimate
• 4-week moving average 211K vs 211.75K last week
• Continuing claims 1.819M
• Previous week revised -12 K to 1.795M from 1.807M previously reported
• 4-week moving average 1.803M versus previous week 1.799M (revised from 1.802M)
• The largest increases in initial claims for the week ending March 16 were in Missouri (+1,443), Michigan (+1,204),
  Tennessee (+538), Mississippi (+353), and Arkansas (+279),
• The largest decreases were in California (-5,794),
  Oregon (-1,651), Texas (-856), Pennsylvania (-740), and Illinois (-626).

The data is still indicative of a solid employment market.

This article was written by Greg Michalowski at www.forexlive.com.