Initial Jobless Claims in the United States fell by 51,000 last week.
The US Dollar Index is still consolidating below 92.50.
According to data released by the US Department of Labor (DOL) on Thursday, there were 364,000 initial claims for unemployment benefits in the US during the week ending June 26. This reading was higher than the market’s forecast of 393,000, and it followed a previous reading of 415,000. (revised from 411,000).
The US Dollar Index had no immediate reaction to the news, and was last seen trading at 92.34, with minor daily losses.
“The 4-week moving average was 392,750, down 6,000 from the revised average from the prior week.”
“For the week ending June 19, the advance seasonally adjusted insured unemployment rate was 2.5 percent, unchanged from the previous week’s revised rate.”
“For the week ending June 19, the advance number for seasonally adjusted insured unemployment was 3,469,000, up 56,000 from the previous week’s revised level.”/n
