Initial Jobless Claims Drop 10,000 to 311,000 in Week Ended March 22

Initial jobless claims fell 10,000 to 311,000 in the week ended March 22, the Labor Department said Thursday.

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Claims for the week ended March 15 were revised to 321,000 from the 320,000 initially reported.

Continuing jobless claims were 2.823 million in the week ended March 15, off from the downwardly revised 2.876 million the week before, first reported as 2.889 million.

Economists polled by Thomson Reuters expected 325,000 initial and 2.873 million continuing claims.

The four-week average of initial claims were down 9,500 in the week ended March 22 to 317,750.


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