- Initial unemployment subsidy applications coincided with consensus in 223k.
- Continuous unemployment subsidy requests fell to 1,850m.
The US citizens who submitted new unemployment insurance requests increased slightly to 223K for the week that ended on April 5, according to the US Department of Labor (DOL) on Thursday. This figure coincided with the initial estimates and was higher than the unpaid total of the previous week of 219K.
The report also highlighted an seasonally adjusted unemployment rate of 1.2%, while the four -week mobile average remained stable in 223K with respect to the unpaid average of the previous week.
In addition, continued applications for unemployment subsidy decreased by 43K to reach 1,850m in the week that ended on March 29.
Market reaction
The dollar remains well defensive on Thursday, quoting at least 101.50 at least 101.50 while investors evaluate employment data and US inflation readings.
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.
