US weekly Initial Jobless Claims decline to 201K vs. 218K expected
|- Initial Jobless Claims in the US declined by 10,000 in the week ending January 4.
- US Dollar Index clings to daily gains above 109.00 after the data.
There were 201,000 initial jobless claims in the week ending January 4, the weekly data published by the US Department of Labor (DOL) showed on Wednesday. This print followed the previous week's print of 211,000 and came in better than the market expectation of 218,000.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2%.
"The advance number for seasonally adjusted insured unemployment during the week ending December 28 was 1,867,000, an increase of 33,000 from the previous week's revised level," the DOL noted in its press release. "The 4-week moving average was 1,865,500, a decrease of 3,000 from the previous week's revised average."
Market reaction
The US Dollar Index stays in positive territory after the data and was last seen rising 0.5% on the day at 109.20.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.