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09.04.202612:38:21UTC+00US Jobless Claims Rebound

Initial jobless claims in the US rose by 16,000 in the week ending April 4, reaching 219,000. This exceeded market expectations of 212,000 and marked the highest weekly level in a month. Even so, claims remained well below the averages seen in the second half of last year.

At the same time, continuing claims—considered a proxy for ongoing unemployment—fell by 38,000 to 1,794,000, the lowest level in nearly two years. Overall, the data continue to point to a robust labor market, with limited layoffs and low net job losses, even as other indicators suggest a moderating pace of labor force growth.

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