Initial jobless claims rose less than expected last week

• Initial jobless claims rose by 231,000 from the previous week.
• Continuous jobless claims rose by 1.868 million in the week ended August 17.

US citizens filing for unemployment insurance benefits rose by 231,000 in the week ended August 24, according to the US Department of Labor (DoL) on Thursday. Impressions were slightly below initial consensus (232K) and slightly lower than the previous weekly gain of 233K (revised from 232K).

Further details of the publication showed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 231.5 thousand, a decrease of 4.750 thousand from the previous week’s revised average.

In addition, continuing claims rose by 13,000 to 1.868 million in the week ended August 17.

Market reaction

The US Dollar Index (DXY) is extending its daily recovery and breaking through the key barrier of 101.00 amid a mixed note on US yields along the curve.