US: Initial Jobless Claims rose to 219K last week

Initial Jobless Claims rose above consensus to 219K.
Continuing Jobless Claims increased to 1.869M in the week ending February 8.

FXStreet Team FXStreet

US citizens filing new applications for unemployment insurance rose to 219K for the week ending February 15, as reported by the US Department of Labor (DoL) on Thursday. This print missed initial estimates and was higher than the previous week's revised tally of 214K (from 213K).

The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average dropped by 1K to 215.25K from the prior week’s revised average.

Moreover, Continuing Jobless Claims went up by 24K to reach 1.869M for the week ending February 8.

Market reaction

The Greenback maintains its bearish attitude around 106.80 when tracked by the US Dollar Index (DXY), receding to the area of daily lows.

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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