US: Initial weekly jobless claims decreased by 10,000 to 202,000

"In the week ending March 30, the advance figure for seasonally adjusted initial claims was 202,000, a decrease of 10,000 from the previous week's revised level" the U.S. Department of Labor announced on Thursday.

Key takeaways from the press release

• This is the lowest level for initial claims since December 6, 1969 when it was 202,000.
• The 4-week moving average was 213,500, a decrease of 4,000 from the previous week's revised average.
• The advance number for seasonally adjusted insured unemployment during the week ending March 23 was 1,717,000, a decrease of 38,000 from the previous week's revised level.