- Initial requests for unemployment benefits fall to 232,000 against 248,000 expected.
- The dollar remains firm in the market.
- Next impact data: ISM Manufacturing for August.
The United States Department of Labor reported that Initial jobless claims fell by 5,000 in the week ending August 27 to 232,000, a figure lower than the 248,000 of the market consensus. It is the fourth weekly drop in a row and the lowest reading in eight weeks.
The continued claims for unemployment benefit they registered an increase of 26,000 to 1,438,000 in the week ended August 20, in line with market expectations. It is the highest level since April.
The dollar it did not register major variations after the report and remained in positive territory although far from the highs of the day.
The final reading of the S&P Global Manufacturing PMI will be released later on Thursday and then the ISM Manufacturing for August. On Friday it will be the turn of the official employment report with non-agricultural payrolls (consensus: +300,000).
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
