- Initial claims for US jobless benefits decreased by 2,000 in the week ending March 23.
- The US Dollar Index is holding on to modest daily gains above 104.50.
There were 210,000 initial claims for unemployment benefits in the week ending March 23, according to weekly data released Thursday by the U.S. Department of Labor. This figure was a continuation of the previous week's figure of 212,000 (revised from 210,000), and exceeded market expectations of 215,000.
Other details from the release revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average stood at 211,000, down 750 from the previous week's revised average.
“The advance seasonally adjusted insured unemployment figure for the week ending March 16 was 1,819,000, an increase of 24,000 from the previous week's revised level,” the publication said.
Market reaction
The US Dollar Index is holding on to modest daily gains above 104.50 in the early American session.
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.
