US weekly Initial Jobless Claims rise to 207K vs. 210K expected

Initial Jobless Claims in the US increased by 2,000 in the week ending September 30.
US Dollar Index stays in daily range below 107.00 after the data.

Eren Sengezer FXStreet

There were 207,000 initial jobless claims in the week ending September 30, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 205,000 (revised from 204,000) and came in slightly better than the market expectation of 210,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.1% and the 4-week moving average stood at 208,750, a decrease of 2,500 from the previous week's revised average.

"The advance number for seasonally adjusted insured unemployment during the week ending September 23 was 1,664,000, a decrease of 1,000 from the previous week's revised level," the publication read.

Market reaction

The US Dollar Index recovered modestly from daily lows after this data and was last seen trading flat on the day at 106.75.

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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