US: Weekly Initial Jobless Claims decline to 225K vs. 235K epected

Initial Jobless Claims in the US declined by 16,000 in the week ending November 26.
US Dollar Index stays deep in negative territory near 105.00.

Eren Sengezer FXStreet

There were 225,000 initial jobless claims in the week ending November 26, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 241,000 (revised from 240,000) and came in better than the market expectation of 235,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.1% and the 4-week moving average was 228,750, an increase of 1,750 from the previous week's revised average.

"The advance number for seasonally adjusted insured unemployment during the week ending November 19 was 1,608,000, an increase of 57,000 from the previous week's unrevised level of 1,551,000," the DOL noted in its publication.

Market reaction

The US Dollar stays under heavy selling pressure and the US Dollar Index was last seen losing 0.8% on the day at 105.00.

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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