US weekly Initial Jobless Claims decline to 209K vs. 218K expected
|- Initial Jobless Claims in the US decreased by 1,000 in the week ending March 9.
- US Dollar Index clings to small daily gains near 103.00.
There were 209,000 initial jobless claims in the week ending March 9, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 210,000 (revised from 217,000) 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% and the 4-week moving average stood at 208,000, a decrease of 500 from the previous week's revised average.
"The advance number for seasonally adjusted insured unemployment during the week ending March 2 was 1,811,000, an increase of 17,000 from the previous week's revised level" the publication read.
Market reaction
The US Dollar Index clings to modest daily gains near 103.00 in the early American session.
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.