US weekly Initial Jobless Claims rise to 210K vs. 208K expected
|- Initial Jobless Claims in the US increased by 10,000 in the week ending October 21.
- Continuing Claims increased by 63,000 in the week ending October 14.
- US Dollar Index pulled back modestly after Q3 GDP data and Jobless Claims.
There were 210,000 initial jobless claims in the week ending October 21, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This reading follows last week’s print of 200,000 (revised from 198,000) and came in slightly worse than the market expectation of 208,000. The 4-week moving average was 207,500, an increase of 1,250 from the previous week's revised average.
Continuing claims rose by 63,000 in the week ending October 14 to 1.79 million, above market expectations of 1.74 million. It is the highest reading since May.
Market reaction
At the same time, the US Q3 GDP report was released. The US Dollar pulled back modestly rose across the board. The US Dollar Index held in positive territory for the day, but if moved off highs toward 106.70, as US Treasury yields slid.
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