- Analytics
- News and Tools
- Market News
- US: Weekly Initial Jobless Claims remain at 262K vs. 249K expected
US: Weekly Initial Jobless Claims remain at 262K vs. 249K expected
Initial Jobless claims totaled 262,000 in the week ending June 10, the weekly data published by the US Department of Labor (DOL) showed on Thursday. The print follows the previous week's 261,000 (revised to 262,000) and came in above market expectations of 249,000. It matches the highest reading since October 2021.
“The 4-week moving average was 246,750, an increase of 9,250 from the previous week's revised average. This is the highest level for this average since November 20, 2021 when it was 249,250.”
Continuing Claims advanced by 20,000 in the week ended June 3 to 1.775 million above market estimates of 1.765 million. It is the lowest reading since February. The 4-week moving average was 1.784 million a decrease of 12K from the previous week's average.
Market reaction:
The US Dollar pulled back after the release of US economic reports that also included Retail Sales and the Philly Fed. The DXY dropped to fresh daily lows below 102.90 and US Treasury yields fell further.
© 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
