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19 Mar 2015
US Initial Jobless Claims print at 291K, Current Account Deficit rose
FXStreet (Mumbai) - The data released by the labor department in the US showed the initial jobless claims in the last week at 291K, compared to the expected figure of 292K. The previous week’s figure was revised upwards from 289K to 290K.
The four week moving average of the initial claims, which gives a more accurate picture of the labor market strength, stood at 304.75K. Meanwhile, continuing claims rose to 2.417M, beating the estimate of 2.410M.
The US current account deficit for the fourth quarter rose to 113.5 billion from the 100.3 billion reported in Q3. Economists had called for the deficit to rise to USD 103.2 billion.
The four week moving average of the initial claims, which gives a more accurate picture of the labor market strength, stood at 304.75K. Meanwhile, continuing claims rose to 2.417M, beating the estimate of 2.410M.
The US current account deficit for the fourth quarter rose to 113.5 billion from the 100.3 billion reported in Q3. Economists had called for the deficit to rise to USD 103.2 billion.