Market news
10.10.2024, 12:42

US: Initial Jobless Claims increased more than estimated last week

  •  Initial Jobless Claims rose to 258K, up from the previous week's 225K.
  • Continuing Jobless Claims increased to 1.861M in the week ending September 27.

US citizens that newly applied for unemployment insurance benefits reached 258K in the week ending October 4, according to the US Department of Labor (DoL) on Thursday. The prints came in above initial consensus (230K) and were higher than the previous weekly figure of 225K.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 231K, a increase of 6.75K from the previous week's unrevised average.

In addition, Continuing Claims rose by 42K to 1.861M in the week ending September 27.

Market reaction

The US Dollar Index (DXY) trades with slight gains around the 103.00 zone following the release of US data.

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location