- Initial claims for jobless benefits in the United States increased by 13,000 in the week ending October 14.
- The Dollar Index remains in negative territory below 106.50 after this data.
Weekly data released by the US Department of Labor on Thursday showed that there were 198,000 initial applications for unemployment benefits in the week ending October 14. This figure was after the previous week’s figure of 211,000 (revised from 209,000), and exceeded market expectations, which expected 212,000 applications.
Other details from the release revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was at 205,750, down 1,000 from the previous week’s revised average.
“The advance seasonally adjusted insured unemployment figure for the week ending October 7 was 1,734,000, an increase of 29,000 from the previous week’s revised level,” the publication said.
Market reaction
The Dollar Index (DXY) remains under modest bearish pressure despite this encouraging data and is down 0.15% on the day at 106.40.
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.
