US: Initial Jobless Claims increased to 213K last week

• Initial Jobless Claims bettered consensus and climbed to 213K.
• Continuing Jobless Claims rose to 1.908M in the week ending November 8.

US citizens filing new applications for unemployment insurance rose to 213K for the week ending November 15, as reported by the US Department of Labor (DoL) on Thursday. This print came in above initial estimates (220K) and was lower than the previous week's tally of 219K (revised from 217K).

The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average retreated to 217.75K, marking a decrease of 3.750K from the prior week’s revised average.

Moreover, Continuing Jobless Claims went up by 36K to reach 1.908M for the week ending November 8.

Market reaction

The Greenback maintains its recovery for the second day in a row, always well north of the 106.00 barrier when tracked by the US Dollar Index (DXY) amid renewed upside traction and the pick-up in geopolitical tensions.