Breaking: US Initial Jobless Claims 213K, Below Estimates
MarketAlleys Desk
Published · 1 min read
The US Department of Labor said Initial Jobless Claims climbed to 213,000 for the week ended November 22, below the market forecast of 217,000 and down from the prior week's revised figure of 215,000. This modest increase underlines continued resilience in the labor market in the face of economic headwinds.
Continuing Claims, which account for those continuing to receive unemployment benefits, increased by 9,000 to 1.907 million during the week ending November 15, and have risen modestly for the fourth consecutive week, showing continued upward creep in longer-term unemployment. The insured unemployment rate remained unchanged, indicating stability around job retention.
Following the data, the US Dollar Index (DXY) extended its decline to five-day lows near 106.30. The markets are now especially sensitive to labor market trends in light of decisions on future policy moves by the Federal Reserve in conditions of mixed signals.
Terms in this article
Initial jobless claims
The weekly number of new US applications for unemployment benefits, released by the Department of Labor on Thursdays.
Unemployment rate
The share of the labour force that is without a job and actively looking for one.
US Dollar Index (DXY)
An index of the US dollar's value against a basket of six currencies: the euro (the largest weight, about 58%), Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.
Federal Reserve (Fed)
The US central bank, with a dual mandate of maximum employment and stable prices.
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