US: Initial Jobless Claims increased to 223K last week

• Initial Jobless Claims matched consensus at 223K.
• Continuing Jobless Claims dropped to 1.850M.

US citizens filing new applications for unemployment insurance ticked a tad higher to 223K for the week ending April 5, as reported by the US Department of Labor (DOL) on Thursday. This print matched initial estimates and was higher than the previous week's unrevised tally of 219K.

The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average held steady at 223K from the prior week’s unrevised average.

Moreover, Continuing Jobless Claims went down by 43K to reach 1.850M for the week ending March 29.

Market reaction

The Greenback remains well on the defensive on Thursday, trading at multi-day lows near 101.50 as investors assess the jobs data and US inflation readings.