US: Initial Jobless Claims rose more than estimated last week
|- Initial Jobless Claims rose by 232K vs. the previous week.
- Continuing Jobless Claims rose by 1.863M.
US citizens that applied for unemployment insurance benefits increased by 232K in the week ending August 17 according to the US Department of Labor (DoL) on Thursday. The prints came in a tad above initial consensus (230K) and were higher than the previous weekly gain of 228K (revised from 227K).
In addition, Continuing Claims increased by 4K to 1.863M in the week ended August 10.
Market reaction
The US Dollar Index (DXY) extends its daily recovery from Wednesday’s 2024 lows and retests the 101.40 region, in the context of some mild rebound in US yields across the curve.
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