US citizens that applied for unemployment insurance benefits increased by 233K in the week ending August 3 according to the US Department of Labor (DoL) on Thursday.
Initial Jobless Claims rose by 233K vs. the previous week. Continuing Jobless Claims rose to 1.875M. US citizens that applied for unemployment insurance benefits increased by 233K in the week ending August 3 according to the US Department of Labor on Thursday. The prints came in below initial consensus and were lower than the previous weekly gain of 250K .
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 240.75K, an increase of 2.5K from the previous week's revised average. In addition, Continuing Claims increased by 6K to 1.875M in the week ended July 27. Market reaction TheUS Dollar Index maintains its upside bias unchanged and advances to dailuy highs near 103.40 accompanied by extra gains in US yields across the curve. .
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