US: Initial Jobless Claims fell to 213K last week

Initial Jobless Claims rose below consensus to 213K.
Continuing Jobless Claims decreased to 1.85M in the week ending February 1.

Pablo Piovano FXStreet

US citizens filing new applications for unemployment insurance dropped to 213K for the week ending February 8, as reported by the US Department of Labor (DoL) on Thursday. This print missed initial estimates and was lower than the previous week's revised tally of 220K (from 219K).

The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average dropped to 216.00K, marking a decrease of 1K from the prior week’s revised average.

Moreover, Continuing Jobless Claims went down by 36K to reach 1.850M for the week ending February 1.

Market reaction

The Greenback maintains its bearish attitude around 107.80 when tracked by the US Dollar Index (DXY), managing to bounce off earlier weekly lows near 107.50.

(This story was corrected on February 13 at 14:00 GMT to say that Initial Jobless Claims fell to 213K, not rose, and Continuing Jobless Claims decreased to 1.85M, not climbed.)

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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