US: Initial Jobless Claims increased to 213K last week

Initial Jobless Claims bettered consensus and climbed to 213K.
Continuing Jobless Claims rose to 1.908M in the week ending November 8.

Pablo Piovano FXStreet

US citizens filing new applications for unemployment insurance rose to 213K for the week ending November 15, as reported by the US Department of Labor (DoL) on Thursday. This print came in below initial estimates (220K).

The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average retreated to 217.75K, marking a decrease of 3.750K from the prior week’s revised average.

Moreover, Continuing Jobless Claims went up by 36K to reach 1.908M for the week ending November 8.

Market reaction

The Greenback maintains its recovery for the second day in a row, always well north of the 106.00 barrier when tracked by the US Dollar Index (DXY) amid renewed upside traction and the pick-up in geopolitical tensions.

(This story was corrected on November 21 at 15:04 GMT to say that Initial Jobless Claims came in below initial estimates of 220K, not above.)

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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