- Analytics
- News and Tools
- Market News
- US weekly Initial Jobless Claims decline to 227K vs. 235K expected
US weekly Initial Jobless Claims decline to 227K vs. 235K expected
- Initial Jobless Claims in the US declined by 7,000 in the week ending August 10.
- US Dollar Index rebounds toward 103.00 after the data.
There were 227,000 initial jobless claims in the week ending August 10, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 234,000 (revised from 233,000) and came in better than the market expectation of 235,000.
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 236,500, a decrease of 4,500 from the previous week's unrevised average.
"The advance number for seasonally adjusted insured unemployment during the week ending August 3 was 1,864,000, a decrease of 7,000 from the previous week's revised level," the DOL further noted in its publication.
Market reaction
The US Dollar gathered strength against its rivals with the immediate reaction. At the time of press, the US Dollar Index was up 0.4% on the day at 102.97.
© 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
