- Analytics
- News and Tools
- Market News
- US: Weekly Initial Jobless Claims rise to 232K vs. 235K expected
US: Weekly Initial Jobless Claims rise to 232K vs. 235K expected
- Initial Jobless Claims in the US rose by 2,000 in the week ending May 27.
- Continuing Jobless Claims increased by 6,000 in the week ending May 20.
- US Dollar Index rebounds after ADP, losses momentum after Unit Labor Costs report.
Initial Jobless claims totaled 232,000 in the week ending May 27, the weekly data published by the US Department of Labor (DOL) showed on Thursday. The print follows the previous week's 230,000 and came in below market expectations of 235,000. It is the highest reading in four weeks. “The 4-week moving average was 229,500, a decrease of 2,500 from the previous week's revised average”, the DOL added in its press release.
“The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 20, unchanged from the previous week’s unrevised rate”. Continuing Claims advanced by 6,000 in the week ended May 20 to 1.795 million, below the 1.8 million of market consensus.
Market reaction:
The US Dollar gained momentum following the release of the latest employment data. The ADP report exceeded expectations, revealing an increase in private payrolls by 278,000 in May. The next crucial jobs report is the Nonfarm payrolls due on Friday. The DXY is at 104.10, modestly lower for the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
