US weekly Initial Jobless Claims rise to 209K vs. 210K expected
- Initial Jobless Claims in the US increased by 2,000 in the week ending October 7.
- Continuing Claims increased by 30,000 in the week ending September 30.
- US Dollar Index rose toward 106.00 after the data and consumer inflation figures.
There were 209,000 initial jobless claims in the week ending October 7, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This reading matched last week’s print (revised from 207,000) and came in slightly better than the market expectation of 210,000. The 4-week moving average was 206,250, a decrease of 3,000.
Continuing claims rose by 30,000 in the week ending September 30 to 1.702 million, above market expectations of 1.68 million. It is the highest reading in six weeks.
Market reaction
At the same time, the US Consumer Price Index for September was released. The US Dollar rose across the board, boosted by higher-than-expected inflation figures. The DXY approached 106.00, up 0.23% for the day.
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