Weekly Initial Jobless Claims decline to 231K vs. 228K expected

  • Initial Jobless Claims declined by 2,000 in the week ending June 25.
  • US Dollar Index clings to strong daily gains above 105.00.

There were 231,000 initial jobless claims in the week ending June 25, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 233,000 (revised from 229,000) and came in slightly higher than the market expectation of 228,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 0.9% and the 4-week moving average was 231,750, an increase of 7,250 from the previous week’s revised average.

“The advance number for seasonally adjusted insured unemployment during the week ending June 18 was 1,328,000, a decrease of 3,000 from the previous week’s revised level,” the DOL said.

Market reaction

These figures don’t seem to be having a noticeable impact on the dollar’s performance against its rivals. As of writing, the US Dollar Index was up 0.3% on the day at 105.40.

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