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- US: Weekly Initial Jobless Claims decline to 229K from 232K
US: Weekly Initial Jobless Claims decline to 229K from 232K
- Initial Jobless Claims declined by 3,000 in the week ending June 11.
- US Dollar Index retreats below 105.00 in the early American session.
There were 229,000 initial jobless claims in the week ending June 11, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 232,000 (revised from 229,000).
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 0.9% and the 4-week moving average was 218,500, an increase of 2,750 from the previous week's revised average.
"The advance number for seasonally adjusted insured unemployment during the week ending June 4 was 1,312,000, an increase of 3,000 from the previous week's revised level," the DOL said.
Market reaction
The greenback stays on the back foot after this report and the US Dollar Index was last seen posting small daily losses at 104.82.
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