- Weekly jobless claims decreased by 19,000 in the week ending Dec. 9, the lowest level in eight weeks.
- Continuing claims increased to 1,876,000 in the week ending December 2.
- The Dollar Index pared losses, recovering from four-month lows following the latest US reports.
In the week ending December 9 220,000 initial applications for unemployment benefits were registered, according to weekly data released Thursday by the U.S. Department of Labor. This figure improves the previous figure, which was 221,000 (revised from 220,000) and exceeded market expectations, which expected 220,000. It’s about the lowest figure since mid-October.
In the week ending December 2, applications for continued unemployment benefits increased by 20,000, to 1,876,000.
Market reaction
The US dollar rose after the retail sales report and weekly jobless claims figures were released. The Dollar Index (DXY) recovered ground from its lowest level since August. The DXY bottomed earlier at 102.27 and after the data reached levels at 102.55.
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.
