Weekly Initial Jobless Claims rise to 262K vs. 263K expected

  • Initial Jobless Claims rose by 14,000 in the week ending August 6.
  • US Dollar Index continues to push lower, trades below 105.00.

There were 262,000 initial jobless claims in the week ending August 6, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 248,000 (revised from 260,000) and came in slightly lower than the market expectation of 263,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1% and the 4-week moving average was 252,000, an increase of 4,500 from the previous week’s revised average.

“The advance number for seasonally adjusted insured unemployment during the week ending July 30 was 1,428,000, an increase of 8,000 from the previous week’s revised level,” the DOL said.

Market reaction

The dollar stays under constant selling pressure on Thursday and the US Dollar Index was last seen losing 0.26% on the day at 104.92.

Source link

Leave a Reply

Your email address will not be published.