untitled design

USA: Weekly unemployment benefit claims rise to 231,000 compared to 220,000 expected

  • 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

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights


Most popular