US: Weekly Initial Jobless Claims decline to 213K vs. 226K expected
- Initial Jobless Claims in the US fell by 5,000 in the week ending September 10.
- US Dollar Index stays in daily range slightly above 109.50.
There were 213,000 initial jobless claims in the week ending September 10, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 218,000 (revised from 222,000) and came in better than the market expectation of 226,000.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1% and the 4-week moving average was 224,000, a decrease of 8,000 from the previous week's revised average.
"The advance number for seasonally adjusted insured unemployment during the week ending September 3 was 1,403,000, an increase of 2,000 from the previous week's revised level," the DOL reported.
Market reaction
The US Dollar Index posts small daily losses on the day but manages to hold above 109.50 after this data.
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.
