US: Initial Jobless Claims rose to 215K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 215K for the week ending May 23. The latest print came in above initial estimates and was higher than the previous week’s 210K (revised from 209K).
Additionally, the 4-week moving average went up by 6.25K, bringing it to 209K from the revised average of the previous week (202.75K).
The report also indicated that Continuing Jobless Claims increased by 15K to 1.786M for the week ending May 16.
Market reaction
The Greenback trades with marginal gains amid steady uncertainty in the geopolitical landscape, with the US Dollar Index (DXY) navigating the 99.20 area in a context of widespread lack of direction in the risk complex.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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