New jobless claims fall to 187,000, setting more than five-decade low

Posted on AllSides March 25th, 2022
From The Left

U.S. jobless claims set a more than 50-year low last week as the red-hot labor market shows few signs of cooling in the near-term.

The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:

Initial jobless claims, week ended March 19: 187,000 vs. 210,000 expected and a revised 215,000 during prior week

Continuing claims, week ended March 12: 1.350 million vs. 1.400 million expected and a revised 1.417 million during prior week

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