US: Initial Jobless Claims rose less than estimated last week

Initial Jobless Claims rose by 233K vs. the previous week.
Continuing Jobless Claims increased by nearly 1.840M.

Pablo Piovano FXStreet

US citizens that applied for unemployment insurance benefits increased by 233K in the week ending June 22 according to the US Department of Labor (DoL) on Thursday. The prints came in short of initial estimates (236K) and were lower than the previous weekly gain of 239K (revised from 238K).

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 236K, an increase of 3K from the previous week's revised average.

In addition, Continuing Claims increased by 18K to 1.839M in the week ended June 15.

Market reaction

The US Dollar Index (DXY) maintains its bearish stance on Thursday, returning to the sub-106.00 region amidst some tepid improvement in the risk-associated universe.

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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