Here are the Weekly Jobless Claims Numbers
The number of Americans filing for unemployment benefits came in above expectations last week. On Thursday, the Labor Department reported that jobless claims totaling 719,000 for the week ending March 27. Economists polled by Dow Jones expected jobless claims to total 675,000. This figure is a slight increase from last week's value of 658,000.
Continuing claims, the number of individuals receiving unemployment benefits for consecutive weeks, fell by 46,000 to 3.8 million. Markets didn't react to the report as the S&P 500 surged above 4,000 early in the session.
Around 18.2 million Americans are still receiving benefits across all programs, falling by around 1.5 million in the past week.
“Taking the two weeks together it’s clear that the trend in claims is falling,” wrote Ian Shepherdson, chief economist at Pantheon Macroeconomics. “We expect a sustained sharp decline in the second quarter as the economy reopens, making it easier for businesses under financial stress to hold onto employees.”