- Initial requests for unemployment benefits remain in the area of 200,000.
- Continued orders rise to maximums in months.
- The dollar cut gains after US economic data.
The United States Department of Labor reported that initial claims for unemployment benefits fell by 4,000 in the week ending November 12 to 222,000, below the 225,000 expected.
The continued subsidy requests Unemployment rose from 13,000 to 1,507,000 in the week ending November 5, slightly higher than the market consensus of 1,500,000. This is the highest level since April of this year.
Along with these numbers came an unexpected drop in the Philly Fed index. dollar The market pulled back on the data paring intraday gains. The Kansas Fed manufacturing sector report will be released later on Thursday.
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.
