US: Weekly Initial Jobless Claims rise to 225K in week ending December 24
- Initial Jobless Claims in the US increased by 9,000 in the week ending December 24.
- US Dollar Index stays in negative territory near 104.00.
There were 225,000 initial jobless claims in the week ending December 24, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 216,000.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 221,000, a decrease of 250 from the previous week's revised average.
"The advance number for seasonally adjusted insured unemployment during the week ending December 17 was 1,710,000, an increase of 41,000 from the previous week's revised level," the DOL noted.
Market reaction
The US Dollar Index edged lower with the initial reaction and was last seen losing 0.38% on the day at 104.05.
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.
