US: Initial Jobless Claims increased below expectations last week
Source Fxstreet
- Initial Jobless Claims rose by 211K from a week earlier.
- Continuing Jobless Claims rose by nearly 1.820M.
US citizens that applied for unemployment insurance benefits increased by 211K in the week ending April 6 according to the US Department of Labor (DoL) on Thursday. The prints came in just below initial estimates (215K) and down from the previous weekly gain (222K revised).
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 214.25, a decrease of 0.250K from the previous week's revised average.
In addition, Continuing Claims increased by 28K to 1.817M in the week ended March 30.
Market reaction
The US Dollar Index (DXY) comes under some selling pressure around the 105.10 zone in the wake of the release.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Crypto analyst Cryptollica (@Cryptollica on X) is arguing that Dogecoin’s weekly chart is doing that familiar thing again: carving out a rounded base, bleeding off volatility, resetting momentum
TradingKey 2025 Markets Recap & Outlook | Gold Records Its Best Performance in Half a Century, Wall Street Predicts $5,000 Breach in 2026TradingKey - Amid increasing global economic uncertainty, gold is experiencing its best year since 1979, recording its largest gain in 46 years.As of December 26, the price of gold futures (New York g
TradingKey - Amid increasing global economic uncertainty, gold is experiencing its best year since 1979, recording its largest gain in 46 years.As of December 26, the price of gold futures (New York g
Top 10 crypto predictions for 2026: Institutional demand and big banks could lift BitcoinCrypto’s 2026 outlook hinges on whether institutional demand returns—via ETFs, banks and digital-asset treasury buyers—with BTC facing a wide range between support near $80,600 and a potential $140,259 upside target, while stablecoins, AI tokens, Solana growth and regulation remain key themes.
Crypto’s 2026 outlook hinges on whether institutional demand returns—via ETFs, banks and digital-asset treasury buyers—with BTC facing a wide range between support near $80,600 and a potential $140,259 upside target, while stablecoins, AI tokens, Solana growth and regulation remain key themes.
TradingKey 2025 Markets Recap & Outlook | Global Central Banks 2025 Recap and 2026 Outlook: Navigating Post-Easing Recovery and Diverging PathsIn 2025, major central banks globally generally maintained an accommodative stance, but the pace of policy adjustment slowed significantly. As inflation gradually came under control and e
In 2025, major central banks globally generally maintained an accommodative stance, but the pace of policy adjustment slowed significantly. As inflation gradually came under control and e
