US weekly Initial Jobless Claims decline to 205K vs. 215K expected

Initial Jobless Claims in the US fell by 8,000 in the week ending March 14.
The US Dollar Index holds steady near 100.00 in the American session.

Eren Sengezer FXStreet

There were 205K Initial Jobless Claims in the week ending March 14, a decrease of 8K from the previous week's unrevised level, the US Department of Labor (DOL) reported on Thursday. This reading came in better than the market expectation of 215K.

In this period, the 4-week moving average declined by 750 to 210,750.

"The advance number for seasonally adjusted insured unemployment during the week ending March 7 was 1,857,000, an increase of 10,000 from the previous week's revised level," the DOL noted in its press release.

Market reaction

The US Dollar Index stays in the lower half of its tight daily range after this data and was last seen losing 0.15% at 100.08.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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