US: Initial Jobless Claims increased less than estimated last week
Source Fxstreet
- Initial Jobless Claims rose to 219K, down from the previous week's 231K.
- Continuing Jobless Claims increased to 1.829M in the week ending September 7.
US citizens that newly applied for unemployment insurance benefits reached 219K in the week ending September 14, according to the US Department of Labor (DoL) on Thursday. The prints came in below initial consensus (230K) and were lower than the previous weekly figure of 231K (revised from 230K).
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 227.5K, a decrease of 3.5K from the previous week's revised average.
In addition, Continuing Claims dropped by 14K to 1.829M in the week ending September 7.
Market reaction
The US Dollar Index (DXY) trades in a volatile fashion and hovers just below the 101.00 mark following the release of US results.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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