US: Weekly Initial Jobless Claims decline to 222K vs. 225K expected
|- Initial Jobless Claims in the US fell by 4,000 in the week ending November 12.
- US Dollar Index stays in positive territory near 107.00.
There were 222,000 initial jobless claims in the week ending November 12, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 226,000 and came in slightly better than the market expectation of 225,000.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1% and the 4-week moving average was 221,000, an increase of 2,000 from the previous week's revised average.
"The advance number for seasonally adjusted insured unemployment during the week ending November 5 was 1,507,000, an increase of 13,000 from the previous week's revised level," the DOL further noted in its publication.
Market reaction
The US Dollar Index clings to strong daily gains at around 107.00 after this data.
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.