US: Weekly Initial Jobless Claims decline to 222K vs. 225K expected
- Initial Jobless Claims in the US fell by 4,000 in the week ending November 12.
- US Dollar Index stays in positive territory near 107.00.
There were 222,000 initial jobless claims in the week ending November 12, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week's print of 226,000 and came in slightly better than the market expectation of 225,000.
Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1% and the 4-week moving average was 221,000, an increase of 2,000 from the previous week's revised average.
"The advance number for seasonally adjusted insured unemployment during the week ending November 5 was 1,507,000, an increase of 13,000 from the previous week's revised level," the DOL further noted in its publication.
Market reaction
The US Dollar Index clings to strong daily gains at around 107.00 after this data.