US: Weekly Initial Jobless Claims rise to 219K vs. 200K expected
- 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.
Market reaction
The US Dollar Index retreated from session highs after this report and was last seen rising 0.2% on the day at 111.42.
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.
