- Initial claims for unemployment benefits rose by 233,000 from the previous week.
- Continuing claims for unemployment benefits rose by about 1.87 million.
US citizens filing for unemployment insurance benefits rose by 233,000 in the week ending August 3, according to the US Department of Labor (DoL) on Thursday. The figures were below the initial consensus (240,000) and smaller than the previous weekly increase of 250,000 (revised from 249,000).
Further details of the release revealed that the seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 240,750, an increase of 2,500 from the previous week’s revised average.
Continuing claims also rose 6,000 to 1,875,000 in the week ending July 27.
Market reaction
The US Dollar Index (DXY) maintains its bullish bias unchanged and advances to daily highs near 103.40 accompanied by further gains in US yields across the curve.
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.
