US: Initial weekly jobless claims rise to 218,000 vs. 220,000 expected

• Initial claims for jobless benefits in the United States increased by 7,000 in the week ending November 25.
• Continuing claims rose to 1,927,000, the highest level in two years.
• The Dollar Index remains in positive territory above 103.10 following subsidy claims and underlying PCE.

There were 218,000 initial claims for unemployment benefits in the week ending Nov. 25, according to weekly data released Thursday by the U.S. Department of Labor. This figure follows the previous week’s figure of 211,000 (revised from 211,000) and exceeded market expectations of 220,000.

Continued subsidy claims increased by 86,000 to 1,927,000 in the week ending November 18, the highest level since November 27, 2021.