Unemployment Claims Down 11K, Better Than Expected

Initial jobless claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. In the week ending April 6, initial jobless claims were at a seasonally adjusted level of 211,000, a decrease of 11,000 from the previous week's revised figure. The latest reading is lower than the forecast of 216,000 jobless claims.

Here is the opening statement from the Department of Labor:

In the week ending April 6, the advance figure for seasonally adjusted initial claims was 211,000, a decrease of 11,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 221,000 to 222,000. The 4-week moving average was 214,250, a decrease of 250 from the previous week's revised average. The previous week's average was revised up by 250 from 214,250 to 214,500.