US: Initial Jobless Claims jumps to 281K in week ending March 14 vs 220K expected
|- Weekly Jobless Claims rose more than expected in US.
- US Dollar Index clings to strong gains above 102.
The Initial Jobless Claims in the US jumped to 281,000 from 211,000 in the week ending March 14th, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading came in worse than the market expectation of 220,000.
Further details of the report showed that the Continued Claims rose to 1.701 million in the week ending March 6th from 1.699 million in the previous week.
USD reaction
The US Dollar Index largely ignored these figures and was last seen adding 1.37% on the day at 102.30.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.