In the week ending March 22, the advance figure for the seasonally adjusted four-week moving average of initial claims for unemployment insurance was 317,750, the lowest level since late September 2013 and a decrease of 9,500 from the previous week's upward revised average of 327,250. Analysts view the report as a sign that the labor market picture continues to improve.

Unemployment Insurance Weekly Claims, four-week moving average, seasonally adjusted, thousands