U.S. initial jobless claims fall, continue to indicate healthy labor market conditions

U.S. initial jobless claims continue to indicate towards low rates of job separation and healthy labor market conditions overall. For the week ended 24 March, initial jobless claims fell 12k, to 215k, from a revised 227k a week earlier.

This leaves the four-week moving average in initial claims at 225k, unchanged from a week earlier. The reading of 215k on initial claims represents a new recovery-level low for initial claims data and the lowest readings on initial claims data and the lowest readings on initial claims dating to the late 1960s and early 1970s.

In the week ended 17 March, continuing claims rose 35k, to 1.871 million from 1.836 million a week earlier. But despite the rise, the four-week moving average in continuing claims dropped to 1.862 million from 1.874 million a week ago. The insured jobless rate remained stable at 1.3 percent.

At 13:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was highly bullish at 120.782. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

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