US: Initial Jobless Claims increased less than estimated last week

Initial Jobless Claims rose to 218K, up from the previous week's 222K.
Continuing Jobless Claims increased to 1.834M in the week ending September 14.

Pablo Piovano FXStreet

US citizens that newly applied for unemployment insurance benefits reached 218K in the week ending September 21, according to the US Department of Labor (DoL) on Thursday. The prints came in below initial consensus (225K) and were lower than the previous weekly figure of 222K (revised from 219K).

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 224.75K, a decrease of 3.5K from the previous week's revised average.

In addition, Continuing Claims rose by 13K to 1.834M in the week ending September 14.

Market reaction

The US Dollar Index (DXY) trades in an inconclusive day around the 100.90 region following the release of US data.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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