US weekly Initial Jobless Claims decline to 214,000 vs. 223,000 expected
- Initial Jobless Claims in the US fell by 10,000 in the week ending December 20.
- The US Dollar Index holds steady near 98.00 in the American session.
There were 214,000 Initial Jobless Claims in the week ending December 20, a decrease of 10,000 from the previous week's unrevised level, the US Department of Labor (DOL) reported on Wednesday. This reading came in better than the market expectation of 223,000.
In this period, the 4-week moving average declined by 750 to 216,750.
"The advance number for seasonally adjusted insured unemployment during the week ending December 13 was 1,923,000, an increase of 38,000 from the previous week's revised level," the DOL noted in its press release.
Market reaction
The US Dollar Index showed no immediate reaction to this report and was last seen posting small daily gains at 97.92.
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.
