- Analytics
- News and Tools
- Market News
- US: Initial Jobless Claims increased more than estimated last week
US: Initial Jobless Claims increased more than estimated last week
- Initial Jobless Claims rose by 219K vs. the previous week.
- Continuing Jobless Claims rose by around 1.79M.
US citizens that applied for unemployment insurance benefits increased by 219K in the week ending May 25 according to the US Department of Labor (DoL) on Thursday. The prints came in just above initial estimates (218K) and above the previous weekly gain of 216K (revised from 215K).
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average stood at 222.50, an increase of 2.5K from the previous week's revised average.
In addition, Continuing Claims increased by 4K to 1.791M in the week ended May 18.
Market reaction
The US Dollar Index (DXY) maintains its negative bias so far on Thursday, coming under pressure after hitting multi-day peaks near 105.20 barrier earlier in the session. The corrective decline in the Greenback also comes amidst a bearish performance of US yields across the curve.
© 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
