Jobless Claim Preview

Initial jobless claims are expected to dip to a three-week low in the latest weekly data, as the U.S. labour market recovery presses ahead while Omicron-related disruptions retreat.

The Labour Department is set to release its latest weekly jobless claims report Thursday at 1530 GMT+2.

Here are the main metrics expected from the print, compared to consensus estimates compiled by Bloomberg:

Initial jobless claims, week ended Feb. 26: 225,000 expected, 232,000 during prior week


Continuing claims, week ended Feb. 19: 1.420 million expected, 1.476 million during prior week.

At 225,000, the expected number of new jobless claims would mark a back-to-back week of declines. Jobless claims rose to nearly 300,000 in mid-January, reflecting some momentary backsliding in the labour market’s improvements as Omicron virus cases surged to a record and seasonal adjustments in data became choppy due to the pandemic over the past two years. Still, claims have fallen precipitously compared to this time last year, with new claims coming in around 750,000 in late February 2021.

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