US: Initial Jobless Claims rose to 219K last week
Source Fxstreet
- Initial Jobless Claims rose above consensus to 219K.
- Continuing Jobless Claims climbed to 1.886M in the week ending January 25.
US citizens filing new applications for unemployment insurance rose to 219K for the week ending February 1, as reported by the US Department of Labor (DoL) on Thursday. This print missed initial estimates and was higher than the previous week's revised tally of 208K (from 207K).
The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average rose to 216.75K, marking an increase of 4K from the prior week’s revised average.
Moreover, Continuing Jobless Claims went up by 36K to reach 1.886M for the week ending January 25.
Market reaction
The Greenback maintains its bullish bias above 108.00 when tracked by the US Dollar Index (DXY), reversing a three-day negative streak.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Solana started a fresh decline from the $155 zone. SOL price is now consolidating near $145 and might extend losses below the $142 support.
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Sui (SUI) price extends recent gains, soaring10% higher at the time of writing on Thursday and approaching its key resistance level at $3.65.
As price continues to trade sideways, Ethereum (ETH) has reclaimed a crucial level, which could kickstart a breakout toward the $2,100 resistance.
Related Instrument
