US: Initial Jobless Claims increased less than estimated last week
FXStreetSep 26, 2024 12:46 PM
- Initial Jobless Claims rose to 218K, up from the previous week's 222K.
- Continuing Jobless Claims increased to 1.834M in the week ending September 14.
US citizens that newly applied for unemployment insurance benefits reached 218K in the week ending September 21, according to the US Department of Labor (DoL) on Thursday. The prints came in below initial consensus (225K) and were lower than the previous weekly figure of 222K (revised from 219K).
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 224.75K, a decrease of 3.5K from the previous week's revised average.
In addition, Continuing Claims rose by 13K to 1.834M in the week ending September 14.
Market reaction
The US Dollar Index (DXY) trades in an inconclusive day around the 100.90 region following the release of US data.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
U.S. August CPI Preview: Persistent Rise in Inflation, What Impact on Rate Cuts? And on US Stocks?
TradingKey - On 11 September 2025, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI. As a result, headline CPI year-over-year may climb to 2.9%, up from 2.7%TradingKey
Tue, Sep 9
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.TradingKey
Mon, Sep 8
Unlocking Gold’s Next Leg: $4,000 in Reach by 2025？
TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base and puts higher objectives back on the table for the weeks aheadTradingKey
Thu, Sep 4
2025 Hottest US IPO Week: Klarna, Gemini, Figure Set for “Triple Launch”
TradingKey - 5 companies are now pricing their U.S. initial public offerings (IPOs) for the week starting September 8, with a total expected fundraising exceeding $3 billion, making it the busiest IPO week of 2025. Investors are closely watching the debut performance of Klarna, Gemini, and Figure.TradingKey
Wed, Sep 3
Tradingkey
