US: Initial Jobless Claims increased less than anticipated last week
|- Initial Jobless Claims rose to 241K, down from the previous week's 260K.
- Continuing Jobless Claims climbed to 1.867M in the week ending October 4.
US citizens filing new applications for unemployment insurance rose to 241K for the week ending October 11, as reported by the US Department of Labor (DoL) on Thursday. This print came in below the consensus forecast and the previous week's tally of 260K (revised from 258K).
The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average climbed to 236.25K, marking an increase of 4.750K from the prior week’s revised average.
Moreover, Continuing Jobless Claims increased by 9K to reach 1.867M for the week ending October 4.
Market reaction
The US Dollar Index (DXY) remains firm and trades in fresh tops near 103.80, an area also coincident with the critical 200-day SMA.
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