Jobless claims rise to a higher-than-expected level in March 17 week

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Initial jobless claims rose 3,000 to 229,000 in the week ended March 17, the Labor Department said Thursday.

The claims figure for the week ended March 10 was unrevised at 226,000. Continuing jobless claims were 1.828 million in the week ended March 10, down 57,000 from 1.885 million the week before.

IFR Markets expected 225,000 initial claims and 1.895 million continuing claims.

The four-week average of initial claims was up 2,250 in the week ended March 17 to 223,750.

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Economic indicators Jobless claims