US: Weekly Initial Jobless Claims rise to 235K vs. 230K expected
|- Initial Jobless Claims rose by 4,000 in the week ending July 2.
- US Dollar Index consolidates weekly gains near 107.00 after the data.
There were 235,000 initial jobless claims in the week ending July 2, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 231,000 and came in slightly higher than the market expectation of 230,000.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1% and the 4-week moving average was 232,500, an increase of 750 from the previous week's average.
"The advance number for seasonally adjusted insured unemployment during the week ending June 25 was 1,375,000, an increase of 51,000 from the previous week's revised level," the publication read.
Market reaction
The US Dollar Index showed no immediate reaction to these figures and was last seen moving sideways around 107.00.
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