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Breaking: Initial Jobless Claims Rise More Than Expected, Continuing Claims Up

Breaking: Initial Jobless Claims Rise More Than Expected, Continuing Claims Up

Initial jobless claims in the US increased by 238,000 for the week ending June 29, surpassing both the previous week's figures and initial estimates. The US Department of Labor reported the uptick, which exceeded expectations set at 235,000 and marked a rise from the revised 234,000 claims the week before.


Continuing jobless claims also saw an increase, rising by 26,000 to 1.858 million for the week ended June 22. The advance seasonally adjusted insured unemployment rate stood at 1.2%, with a 4-week moving average of 238,500 claims, up 2,250 from the previous week's revised average.


Market reaction to the data has kept the US Dollar Index (DXY) under pressure, trading in the mid-105.00s range on Thursday amid broader improvements in risk sentiment.

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