US: Initial Jobless Claims rose more than estimated last week
Source Fxstreet
- Initial Jobless Claims rose by 249K vs. the previous week.
- Continuing Jobless Claims rose by nearly 1.880M.
US citizens that applied for unemployment insurance benefits increased by 249K in the week ending July 27 according to the US Department of Labor (DoL) on Thursday. The prints came in above initial consensus (236K) and were lower than the previous weekly gain of 235K.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 238.00K, an increase of 2.5K from the previous week's unrevised average.
In addition, Continuing Claims increased by 33K to 1.877M in the week ended July 20.
Market reaction
The US Dollar Index (DXY) comes under some pressure and leaves earlier tops past 104.40 against the backdrop of the incessant move lower in US yields across the curve.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Nvidia Q1 Revenue Surges 85%, Data Center Business Accounts for 90%, Blowout Results Fail to Stop Stock VolatilityAs the absolute leader in the global AI industry chain, NVIDIA ( NVDA) delivered a quarterly earnings report that surpassed Wall Street's general expectations as anticipated.After the mar
As the absolute leader in the global AI industry chain, NVIDIA ( NVDA) delivered a quarterly earnings report that surpassed Wall Street's general expectations as anticipated.After the mar
Tensions between the US and Iran showed clear signs of easing on Wednesday (May 20), leading to a plunge in the crude oil market while gold ( XAUUSD) continued its rally.WTI crude oil dai
Gold price (XAU/USD) trades on a flat note around $4,540 during the early Asian session on Thursday. Traders continue to assess the developments surrounding stalled US-Iran peace negotiations and threats to the Strait of Hormuz.
On May 20, ET, NVIDIA ( NVDA )'s first-quarter fiscal 2026 earnings report, to be released after the market close, has become the market focus. The options market has already reacted; bas
On Tuesday (May 19), gold ( XAUUSD) closed at $4,481.89. The price confirmed a break below $4,500, further opening up the downside. On Wednesday, gold extended its downward trend from the
Related Instrument
