- Initial jobless claims rose more than estimated to 224,000.
- Continuing claims for unemployment benefits increased to 1.871M in the week ending November 22.
US citizens who submitted new Unemployment insurance claims rose to 224,000 for the week ending Nov. 29, the U.S. Department of Labor reported Thursday. This figure exceeded initial estimates (215,000) and surpassed the previous week’s count of 215,000 (revised from 213,000).
The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average was 218,250, marking an increase of 750 from the previous week’s revised average.
Additionally, continuing claims for unemployment benefits fell by 25,000 to reach 1,871,000 in the week ending November 22. The figure disappointed the rise of 1,910,000.
Market reaction
The Dollar remains on the defensive, reversing Wednesday’s small advance, and causing the US Dollar Index (DXY) to retreat to the area below 106.00, or three-day lows.
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.
