- Initial Jobless Claims in the US rose by 29,000 in the week ending October 1.
- US Dollar Index clings to modest daily gains above 111.00 after the data.
There were 219,000 initial jobless claims in the week ending October 1, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 190,000 (revised from 193,000) and came in worse than the market expectation of 200,000.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1% and the 4-week moving average was 206,500, an increase of 250 from the previous week's revised average.
"The advance number for seasonally adjusted insured unemployment during the week ending September 24 was 1,361,000, an increase of 15,000 from the previous week's revised level," the DOL reported.
The US Dollar Index retreated from session highs after this report and was last seen rising 0.2% on the day at 111.42.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.