US weekly Initial Jobless Claims rose to 218K vs. 220K expected

• Initial Jobless Claims in the US increased by 7,000 in the week ending November 25.
• Continuing Claims rose to 1.927 million, highest level in two years. 
• US Dollar Index stays in positive ground above 103.10 after Claims and Core PCE.

There were 218,000 initial jobless claims in the week ending November 25, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 211,000 (revised from 209,000) and came in better than the market expectation of 220,000. 

Continuing Claims increased by 86,000 to 1.927 million in the week ended November 18, the highest level since November 27, 2021. 

Market reaction

The US Dollar dropped after the Core Personal Consumption Expenditure report and weekly Jobless Claims, but it remained in positive territory and quickly trimmed losses. The US Dollar Index holds in positive territory for the day, hovering around 103.15.

(This story was corrected on November 30 at 13:47 GMT to say that the previous week's numbers were revised to 209,000. A previous version of the story said that they were revised to 211,000.)