The US weekly jobless claims have fallen by 10,000 during the week of May 10, standing at 222,000, as published by the Department of Labor. The previous week's figure has been revised upwards to 232,000 from 231,000. The data exceeds market expectations, which forecast 220,000.
The four-week average of jobless claims has risen to 217,750 from 215,250, its highest level in three months.
The continued unemployment claims have risen to 1,794,000 from 1,781,000, exceeding the estimated 1,780,000. This is its highest level in four weeks.
dollar reaction
The Dollar Index (DXY) has reacted higher following the release, rising to new highs for the day at 104.52. At the time of writing, the index is trading above 104.51 points, gaining 0.21% on the day.
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.
