- Analytics
- News and Tools
- Market News
- US: Weekly Initial Jobless Claims fall to 198K vs. 208K expected
US: Weekly Initial Jobless Claims fall to 198K vs. 208K expected
- Weekly Initial Jobless Claims fell to 198K in the week ending on 25 December.
- Markets haven't seen much of a reaction amid holiday-thinned trading conditions.
There were 198,000 initial claims for unemployment benefits in the US during the week ending December 25, data published by the US Department of Labor (DoL) revealed on Thursday. This reading followed last week's print of 206K (revised up from 205K) and came in below market expectations for 208K.
Continued jobless claims dropped sharply to 1.716M in the week ending December 18, the data showed, well below expectations for a small rise to 1.868M from 1.856M the week prior (which was revised down from 1.859M). The insured unemployment rate fell to 1.3% from 1.4% in the prior week.
Market Reaction
Markets do not seem to have reacted to the latest weekly jobless claims numbers, though the DXY has seen some positive ticks in recent trade and moved back to 96.00. Whether the latest strong labour statistics, which showed the insured unemployment rate falling to 1.3% from 1.4%, can translate into a sustained dollar rebound in holiday-thinned trading conditions remains to be seen.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
