US: Weekly Initial Jobless Claims rise to 412K vs. 359K expected
|- Weekly Initial Jobless Claims in the US rose by 37,000.
- US Dollar Index clings to daily gains around 91.70.
There were 412,000 initial claims for unemployment benefits in the US during the week ending June 12, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading came in weaker than the market expectation of 359,000 and followed the previous print of 375,000.
Market reaction
The US Dollar Index (DXY) edged slightly lower after this report but continues to float in the positive territory. As of writing, the DXY was up 0.35% on the day at 91.70.
Additional takeaways
"The 4-week moving average was 395,000, a decrease of 8,000 from the previous week's revised average."
"The advance seasonally adjusted insured unemployment rate was 2.5% for the week ending June 5, unchanged from the previous week's unrevised rate."
"The advance number for seasonally adjusted insured unemployment during the week ending June 5 was 3,518,000, an increase of 1,000 from the previous week's revised level."
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.