US weekly Initial Jobless Claims steady at 208K vs. 212K expected

Initial Jobless Claims in the US remained unchanged at 208,000.
US Dollar Index clings to modest daily gains above 105.50.

Eren Sengezer FXStreet

There were 208,000 initial jobless claims in the week ending April 27, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 208,000 (revised from 207,000) and came in better than the market expectation of 212,000.

Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average stood at 210,000, a decrease of 3,500 from the previous week's unrevised average.

"The advance number for seasonally adjusted insured unemployment during the week ending April 20 was 1,774,000, unchanged from the previous week's revised level," the publication read.

Market reaction

The US Dollar Index clings to modest daily gains slightly below 105.50 after these data.

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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