Initial jobless claims rose less than expected last week

• Initial jobless claims rose to 219,000, down from 231,000 the previous week.
• Continuous jobless claims rose to 1.829 million in the week ended September 7.

US citizens who newly applied for unemployment insurance benefits reached 219,000 in the week ended September 14, according to the US Department of Labor (DoL) on Thursday. Prints were below initial consensus (230K) and down from the previous weekly figure of 231K (revised from 230K).

Further details of the publication revealed that the seasonally adjusted advance unemployment rate was 1.2% and the 4-week moving average was 227.5K, down 3.5K from the previous week’s revised average.

In addition, continuing claims fell 14,000 to 1.829 million in the week ended September 7.

Market reaction

The US Dollar Index (DXY) is trading in a volatile manner and is just below the 101.00 mark after the release of US results.