The Department of Labor reported that initial claims for unemployment benefits they increased in 2000 in the week ending July 3 to 373,000, a number above the market consensus of 350,000. This implies a rebound from the 371,000 (post-pandemic low) last week.
The continued claims for unemployment benefits they fell by 145,000 in the week ended June 26 to 3,339,000, slightly above the 3,335,000 expected by the market. The four-week average of continuing orders fell to 3,440,750, the lowest level since March 2020.
The data did not have a significant impact on the market. The dollar continued with mixed results. With no US economic data ahead, the next highlight on the economic calendar is China’s inflation.
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