US: Initial Jobless Claims increased less than estimated last week
Source Fxstreet
- Initial Jobless Claims rose by 201K from a week earlier.
- Continuing Jobless Claims also surprised to the downside.
US citizens that applied for unemployment insurance benefits increased by 201K in the week ending February 17 according to the US Department of Labor (DoL) on Thursday. Once again, the prints came in on the strong side and followed a 213K gain in the previous week.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% (from 1.3%) and the 4-week moving average stood at 215.25, a decrease of 3.500K from the previous week's revised average.
In addition, Continuing Claims decreased by 27K to 1.862M in the week ended February 10.
Market reaction
The US Dollar Index regained strength and rose to the 104.00 region following the earlier drop to the 103.40 zone.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
On August 24, Bitcoin (BTC) prices continued to fluctuate lower, edging up just 0.1% on the day to trade at $77,176. Last Friday (August 21), Bitcoin prices surged toward the $80,000 mark
TradingKey Daily Market Briefing: Gold Tops $4,600, Bitcoin Surges as Market Focuses on Nvidia Earnings and Jackson Hole MeetingTracking Market TrendsTradingKey - On August 21 Eastern Time, the three major U.S. stock indices closed higher across the board, but still recorded losses for the week. After experiencing volatility i
Tracking Market TrendsTradingKey - On August 21 Eastern Time, the three major U.S. stock indices closed higher across the board, but still recorded losses for the week. After experiencing volatility i
Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflowsThe cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
The cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
Ethereum rallies for five consecutive sessions, targeting $2,800 next.On August 21, Ethereum (ETH) extended its rally, breaking through the $2,300 mark to reach $2,362, hitting its highes
As of the Asian session on August 21, Bitcoin (BTC) price briefly surged past $75,000 intraday, reaching a daily high of $75,897.34, with its weekly cumulative gain exceeding 20%, marking
