- Initial claims for unemployment benefits increased by 238,000 compared to the previous week.
- Continuing claims for unemployment benefits increased by more than 1.80 million.
U.S. citizens filing for unemployment insurance benefits increased by 238,000 in the week ending June 15, according to the U.S. Department of Labor (DoL) on Thursday. The numbers exceeded initial estimates (235,000) and were slightly lower than the previous weekly increase of 243,000 (revised from 242,000).
Additionally, continuing claims increased by 15,000 to 1.828 million in the week ending June 8.
Market reaction
The US Dollar Index (DXY) is trading with decent gains near the 105.40 region, partially reversing the recent multi-session pullback following the release of weekly claims.
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.
