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3/4, 2:32 PM (Source: TeleTrader)
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US initial jobless claims at 745,000, up by 9,000

Initial jobless claims in the United States for the week ending February 27 stood at 745,000, the US Department of Labor said on Thursday. The figure came a little under the expected 750,000. The previous week's level was revised up by 6,000 to 736,000. The 4-week moving average was 790,750, a decrease of 16,750 from the previous week's revised average, according to the report.

The seasonally adjusted insured unemployment rate was 3% percent for the week ending February 20, down 0.1% from the previous week. The number for seasonally adjusted insured unemployment was 4,295,000, or 124,000 lower from the previous week's unrevised level of 4,419,000. The 4-week moving average was 4,448,000, a decrease of 99,000 from the previous week's unrevised average of 4,547,000.

Breaking the News / DJ