- Initial claims for unemployment benefits in the United States decreased by 1,000 in the week ending March 18.
- The DXY Dollar Index remains in negative territory below 102.50.
The week ending March 18 191,000 initial applications for unemployment benefits were registered, according to weekly data released Thursday by the US Department of Labor. This number arrives after that of the previous week, which was 192,000, and improved market expectations, which expected 201,000.
Further details in the release revealed that the seasonally adjusted advance insured unemployment rate was 1.2% and the 4-week moving average of initial jobless claims was 196,250, down 250 from the unrevised average of the previous week.
“The seasonally adjusted advanced insured unemployment figure for the week ending March 11 was 1,694,000, an increase of 14,000 from the previous week’s revised level,” the Labor Department said.
Market reaction
The DXY Dollar Index showed no immediate reaction to this report and is now down 0.2% on the day at 102.30.
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.
