Initial jobless claims rose less than expected last week

• Initial jobless claims rose to 218,000, up from 222,000 the previous week.
• Continuous jobless claims rose to 1.834 million in the week ended September 14.

US citizens who newly applied for unemployment insurance benefits reached 218,000 in the week ended September 21, according to the US Department of Labor (DoL) on Thursday. Prints were below the initial consensus (225K) and down from the previous weekly figure of 222K (revised from 219K).

Further details of the release showed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 224.75k, down 3.5k from the week’s revised average precedents.

In addition, continuing claims rose by 13,000 to 1,834,000 in the week ended September 14.

Market reaction

The US Dollar Index (DXY) is trading in an inconclusive day around the 100.90 region following the release of US data.