US weekly Initial Jobless Claims rise to 209K vs. 210K expected
|- Initial Jobless Claims in the US increased by 2,000 in the week ending October 7.
- Continuing Claims increased by 30,000 in the week ending September 30.
- US Dollar Index rose toward 106.00 after the data and consumer inflation figures.
There were 209,000 initial jobless claims in the week ending October 7, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This reading matched last week’s print (revised from 207,000) and came in slightly better than the market expectation of 210,000. The 4-week moving average was 206,250, a decrease of 3,000.
Continuing claims rose by 30,000 in the week ending September 30 to 1.702 million, above market expectations of 1.68 million. It is the highest reading in six weeks.
Market reaction
At the same time, the US Consumer Price Index for September was released. The US Dollar rose across the board, boosted by higher-than-expected inflation figures. The DXY approached 106.00, up 0.23% for the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.