Initial jobless claims fall to 210,000. Continued orders rise from 1969 lows to 1,346,000. The dollar is not impacted by the data. The United States Department of Labor reported that initial claims for unemployment benefits they fell by 8,000 in the week ended May 21 to 210,000, below the 210,000 market consensus. The continued claims […]
Tag: employment
US: Initial jobless claims rise to highest since late January
Mixed data on requests for unemployment benefits. Initial orders at maximum in months, continued at historical lows. The dollar remains weak in the market. The Department of Labor reported that initial claims for unemployment benefits they increased by 21,000 in the week ending May 14 to 218,000, higher than the expected 200,000 and the highest […]
AUD/USD hangs on to intraday gains near 0.7000, lacks continuation
AUD/USD gains positive traction on Thursday and recoups much of the previous day’s decline. The pullback in US bond yields sparks fresh selling around the dollar and offers support for the pair. Risk-off sentiment prevents the Aussie from gaining ground any further, at least for now. The pair AUD/USD pull back a few pips from […]
Australia creates 4,000 jobs in April vs. 30,000 expected
Australia created 4,000 jobs during the month of April, a figure much lower than the 30,000 expected. March data has been revised upwards from 17,900 to 20,300. April’s is the lowest number of job creation since last October, when 56,000 jobs were destroyed. The Australian unemployment rate has stood at 3.9%, as expected. The data […]
GBP/JPY nears one-week highs around 161.50 after UK data
The GBP/JPY cross gained strong positive traction for the third day in a row and soared to a one-week high. The British pound saw aggressive short-covering in reaction to the positive UK jobs report. Risk appetite momentum undermined the yen haven and continued to support the upside move. The crossing GBP/JPY it maintained its strong […]
GBP/USD rises near two-week highs and targets 1.2500 ahead of US and Powell data
A combination of factors prompts aggressive short covering around GBP/USD on Tuesday. The British pound is supported by better than expected national employment figures. The change in risk sentiment weighs on the safe-haven USD and supports the pair’s upside move. Now the focus is on US retail sales and Fed Chairman Jerome Powell’s remarks. The […]
UK: ILO unemployment rate surprises positively with drop to 3.7% in March
The UK jobless claims fell by 56,900 in April, improving on the estimated decline of 38,800. In March, the indicator fell by 46,900. The reduction in unemployment requests is extended to fourteen consecutive months. The ILO unemployment rate in the three months from January to March has fallen one tenth, from 3.8% in February to […]
‘Ergani’: 20-year record in the employment balance in April 2022
According to the data of the Information System “ERGANI” presented the record of twenty years of employment flows in April, while in the four months of January – April it was the third best performance since 2001, although the first two months of the year were affected by emergency measures for coronavirus. In particular, last […]
US: Initial jobless claims rise to 11-week high
Initial jobless claims at highest level since mid-February. Continued orders mark new lows since 1970. The dollar loses strength after data on wholesale inflation and subsidies. The Department of Labor reported that initial claims for unemployment benefits they increased by 1,000 in the week ended May 7 to 203,000, a reading higher than the 195,000 […]
Initial jobless claims jump to 200,000, 11-week high
Initial jobless claims rise more than expected to 200,000. Continued orders mark new historical lows. The official employment report with non-farm payrolls is published on Friday. The Department of Labor reported that Initial jobless claims increased by 19,000 in the week ending April 30 to 200,000, figure higher than the 182,000 of the market consensus. […]
