US: Initial Jobless Claims rose to 223K last week
Source Fxstreet
- Initial Jobless Claims surpassed consensus and increased to 223K.
- Continuing Jobless Claims climbed to 1.899M in the week ending January 11.
US citizens filing new applications for unemployment insurance rose to 223K for the week ending January 18, as reported by the US Department of Labor (DoL) on Thursday. This print missed initial estimates and was higher than the previous week's unrevised tally of 217K.
The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average rose to 213.5K, marking an increase of 750 from the prior week’s unrevised average.
Moreover, Continuing Jobless Claims went up by 46K to reach 1.899M for the week ending January 11.
Market reaction
The Greenback keeps the inconclusive price action around 107.80 when tracked by the US Dollar Index (DXY) amid a mixed tone in US yields.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on June 12, gold ( XAUUSD) prices oscillated lower near $4,180. Yesterday, gold prices briefly dipped toward $4,000 before rebounding sharply above $4,200 on news
West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday.
Perpetual contracts and pre-market tokens for SpaceX are attracting liquidity from the cryptocurrency market, hindering a further rally in Bitcoin.On June 11, Bitcoin ( BTC) continued to
On June 10, Eastern Time, spot gold ( XAUUSD) fell through the $4,100 level during intraday trading after four consecutive sessions of selling, nearing the $4,000 psychological threshold;
The U.S.-Iran conflict continues to escalate, driving oil prices sharply higher. On Wednesday, Brent and WTI crude futures both closed higher, breaching $90 per barrel. During Thursday's
Related Instrument
