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- US: Weekly Initial Jobless Claims rise to 213K vs. 218K expected
US: Weekly Initial Jobless Claims rise to 213K vs. 218K expected
- Initial Jobless Claims in the US rose by 5,000 in the week ending September 17.
- US Dollar Index stays in negative territory below 111.00.
There were 213,000 initial jobless claims in the week ending September 17, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 208,000 (revised from 213,000) and came in better than the market expectation of 218,000.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1% and the 4-week moving average was 216,750, a decrease of 6,000 from the previous week's revised average.
"The advance number for seasonally adjusted insured unemployment during the week ending September 10 was 1,379,000, a decrease of 22,000 from the previous week's revised level," the DOL reported.
Market reaction
The greenback stays on the backfoot after this data and the US Dollar Index was last seen losing 0.5% on the day at 110.80.
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