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- US: Initial Jobless Claims rose less than estimated last week
US: Initial Jobless Claims rose less than estimated last week
- Initial Jobless Claims rose by 231K vs. the previous week.
- Continuing Jobless Claims increased by 1.868M in the week ending August 17.
US citizens that applied for unemployment insurance benefits increased by 231K in the week ending August 24, according to the US Department of Labor (DoL) on Thursday. The prints came in a tad below initial consensus (232K) and were slightly lower than the previous weekly gain of 233K (revised from 232K).
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 231.5K, a decrease of 4.750K from the previous week's revised average.
In addition, Continuing Claims increased by 13K to 1.868M in the week ended August 17.
Market reaction
The US Dollar Index (DXY) extends its daily recovery and surpasses the key 101.00 barrier, in the context of the mixed note in US yields across the curve.
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