US: Weekly Initial Jobless Claims rise to 260K vs. 259K expected

Initial Jobless Claims rose by 6,000 in the week ending July 30.
US Dollar Index continues to fluctuate above 106.00 after the data.

Eren Sengezer FXStreet

There were 260,000 initial jobless claims in the week ending July 30, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 254,000 and came in slightly worse than the market expectation of 259,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1% and the 4-week moving average was 254,750, an increase of 6,000 from the previous week's revised average.

"The advance number for seasonally adjusted insured unemployment during the week ending July 23 was 1,416,000, an increase of 48,000 from the previous week's revised level," the publication further revealed.

Market reaction

The US Dollar Index showed no immediate reaction to these comments and was last seen posting small daily losses at 106.20.

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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