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- US: Weekly Initial Jobless Claims decline to 269K vs. 277K expected
US: Weekly Initial Jobless Claims decline to 269K vs. 277K expected
- Weekly Initial Jobless Claims in US declined by 14,000.
- US Dollar Index clings to gains above 94.00 after the data.
There were 269,000 initial claims for unemployment benefits in the US during the week ending October 30, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 283,000 (revised from 291,000) and came in better than the market expectation of 277,000.
Market reaction
The greenback preserves its strength against its major rivals after this report and the US Dollar Index was last seen rising 0.45% on the day at 94.27.
Additional takeaways
"The 4-week moving average was 284,750, a decrease of 15,000 from the previous week's revised average."
"The advance seasonally adjusted insured unemployment rate was 1.6% for the week ending October 23, a decrease of 0.1 percentage point from the previous week's unrevised rate."
"The advance number for seasonally adjusted insured unemployment during the week ending October 23 was 2,105,000, a decrease of 134,000 from the previous week's revised level."
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