- Initial claims for jobless benefits in the United States increased by 13,000 in the week ending November 11.
- The Dollar Index falls to daily lows of 104.15.
The week ending November 11, 231,000 initial applications for unemployment benefits, according to weekly data released Thursday by the US Department of Labor. This figure worsens that of the previous week, which was 218,000 (revised from 217,000), and is below market expectations, which expected 220,000 applications.
Other details from the release revealed that the advance seasonally adjusted insured unemployment rate was 1.3% and the 4-week moving average stood at 220,250, an increase of 7,750 from the previous week’s revised average.
“The advance figure for seasonally adjusted insured unemployment for the week ending November 4 was 1,865,000, an increase of 32,000 from the previous week’s revised level.”
Market reaction
The Dollar Index has fallen to a daily low of 104.15 following this data.
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.
