US: Weekly Initial Jobless Claims decline to 192K vs. 205K expected
- Initial Jobless Claims in the US decreased by 20,000 in the week ending March 11
- US Dollar Index stays in negative territory below 104.50.
There were 192,000 initial jobless claims in the week ending March 11, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 212,000 and came in better than the market expectation of 205,000.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 196,500, a decrease of 750 from the previous week's revised average.
"The advance number for seasonally adjusted insured unemployment during the week ending March 4 was 1,684,000, a decrease of 29,000 from the previous week's revised level," the DOL noted.
Market reaction
The US Dollar Index showed no immediate reaction to these figures and was last seen losing 0.35% on the day at 104.35.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
