- Analytics
- News and Tools
- Market News
- US: Weekly Initial Jobless Claims fall to 214K vs. a rise to 230K expected
US: Weekly Initial Jobless Claims fall to 214K vs. a rise to 230K expected
- Initial Jobless Claims in the US fell by12K in the week ending October 14.
- US Dollar Index remains depressed near the daily low after the release.
There were 214,000 initial jobless claims in the week ending October 14, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print follows the previous week's downward revised reading of 226,000 and beats market expectations for a rise to 230,000.
Further details of the publication revealed that the 4-week moving average was 212,250, an increase of 1,250 from the previous week's downwardly revised reading of 211,000.
Market reaction
The US dollar bulls seem rather unimpressed by the data amid a modest recovery in the risk sentiment. This, along with a goodish pickup in demand for the British pound, keeps the USD depressed near the daily low.
© 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
