US weekly Initial Jobless Claims decline to 216,000 vs. 225,000 expected
Source Fxstreet
- Initial Jobless Claims in the US fell by 6,000 in the week ending November 22.
- The US Dollar Index clings to modest daily gains near 99.80.
There were 216,000 Initial Jobless Claims in the week ending November 22, a decrease of 6,000 from the previous week's revised level, the US Department of Labor (DOL) reported on Thursday. This reading came in better than the market expectation of 225,000.
In this period, the 4-week moving average declined by 1,000 to 223,750.
"The advance number for seasonally adjusted insured unemployment during the week ending November 15 was 1,960,000, an increase of 7,000 from the previous week's revised level," the DOL noted in its press release.
Market reaction
The US Dollar Index inches higher in the early American session on Wednesday and was last seen posting small daily gains at 99.83.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin Breaks Below $92,000 as Traders Debate Whether 4-Year Cycle Pattern Is Driving Sell-OffBitcoin (BTC-USD) extended its losses on Monday, slipping below the $92,000 mark and pushing its decline from October’s all-time high to more than 26%. The ongoing downturn has reignited a key debate among traders: Is this a short-term correction, or the start of a prolonged bear market driven by Bitcoin’s historical four-year cycle?
Bitcoin (BTC-USD) extended its losses on Monday, slipping below the $92,000 mark and pushing its decline from October’s all-time high to more than 26%. The ongoing downturn has reignited a key debate among traders: Is this a short-term correction, or the start of a prolonged bear market driven by Bitcoin’s historical four-year cycle?
US Dollar's Decline Predicted in 2026: Morgan Stanley's Outlook on Currency VolatilityMorgan Stanley forecasts a 5% drop in the dollar by mid-2026, attributed to continued Fed rate cuts. A recovery may follow as growth improves and funding currency dynamics shift favorably toward the euro and Swiss franc.
Morgan Stanley forecasts a 5% drop in the dollar by mid-2026, attributed to continued Fed rate cuts. A recovery may follow as growth improves and funding currency dynamics shift favorably toward the euro and Swiss franc.
Nvidia Shares Slip as Google's AI Chips Gain Ground with Meta Deal TalksNvidia shares declined Tuesday following a report that Meta Platforms is in advanced talks to spend billions on Google's tensor processing units (TPUs), signaling the search giant's growing momentum in the competitive AI accelerator market.
Nvidia shares declined Tuesday following a report that Meta Platforms is in advanced talks to spend billions on Google's tensor processing units (TPUs), signaling the search giant's growing momentum in the competitive AI accelerator market.
Rising Inflation Challenges Reserve Bank's Rate Cut Plans in AustraliaAustralian CPI inflation surged to 3.8% year-on-year in October, exceeding expectations and complicating the Reserve Bank's strategy for interest rate reductions. Electricity prices significantly contributed to this increase, raising concerns about ongoing inflation pressures.
Australian CPI inflation surged to 3.8% year-on-year in October, exceeding expectations and complicating the Reserve Bank's strategy for interest rate reductions. Electricity prices significantly contributed to this increase, raising concerns about ongoing inflation pressures.
While Elon Musk has been preoccupied with Tesla's robotics division and securing his landmark $1 trillion compensation package, the automaker's core business—selling vehicles—faces a worsening outlook.
