US: Weekly Initial Jobless Claims decline to 326K vs. 350K expected
|- Weekly Initial Jobless Claims in US declined by 38,000.
- US Dollar Index stays flat above 94.00 after the data.
There were 326,000 initial claims for unemployment benefits in the US during the week ending October 2, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 364,000 (revised from 362,000) and came in better than the market expectation of 350,000.
Market reaction
The US Dollar Index edged modestly higher after this report and was last seen trading flat on the day at 94.20.
Additional takeaways
"The 4-week moving average was 344,000, an increase of 3,500 from the previous week's revised average."
"The advance seasonally adjusted insured unemployment rate was 2.0% for the week ending September 25."
"The advance number for seasonally adjusted insured unemployment during the week ending September 25 was 2,714,000, a decrease of 97,000 from the previous week's revised level."
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