- Initial claims for unemployment benefits in the United States decreased by 4,000 in the week ending August 26.
- Continuing claims for jobless benefits increased by 28,000 to 1.725 million in the week ending August 19.
- The Dollar Index remains around 103.40 after the publication of the underlying PCE and the requests for unemployment benefits.
Initial claims for jobless benefits reached 228,000 in the week ending Aug. 26, according to weekly data released Thursday by the US Department of Labor. This is the lowest figure in four weeks. The figure is after the 232,000 of the previous week (revised from 230,000) and below the 235,000 forecast by the market.
The four-week moving average was 237,500, an increase of 250 from the previous week’s revised average. The previous week’s average was revised up by 500, from 236,750 to 237,250.”
Continuing claims increased by 28,000 in the week ending August 19, to 1.725 million, above market expectations of 1.7 million; the highest level in six weeks. “The 4-week moving average was 1,704,250, an increase of 8,250 from the previous week’s revised average,” the DOL further noted in its post.
Market reaction
The Dollar Index fell slightly below 103.40 after the release of jobless claims data and the underlying Personal Consumption Expenditure Price Index.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
