US: Initial Jobless Claims increased to 224K last week
- Initial Jobless Claims climbed more than estimated to 224K.
- Continuing Jobless Claims rose to 1.871M in the week ending November 22.
US citizens filing new applications for unemployment insurance rose to 224K for the week ending November 29, as reported by the US Department of Labor (DoL) on Thursday. This print came in above initial estimates (215K) and was higher than the previous week's tally of 215K (revised from 213K).
The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average was 218.25K, marking an increase of 0.750K from the prior week’s revised average.
Moreover, Continuing Jobless Claims went down by 23K to reach 1.871M for the week ending November 22.
Market reaction
The Greenback remains on the defensive, reversing Wednesday’s small advance, and prompting the US Dollar Index (DXY) to retreat to the sub-106.00 zone, or three-day lows.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.